Japan, Qatar reach tax treaty agreement

TOKYO, Dec 17 (KUNA) — Japan and Qatar have reached a substantive agreement on a bilateral tax treaty that will help businesses and investors avoid double taxation involving the two countries, the Foreign Ministry announced Wednesday.

The agreement aims to clarify the taxation on cross-border investment and economic activities between the two countries and to relieve international double taxation, and is expected to promote further mutual investment and economic exchange, the ministry said in a press release.

Moreover, the draft agreement provides for the effective exchange of information regarding tax matters between the tax authorities, it said.

The pact will be signed after the necessary internal procedures have been completed by the two governments.

Japan and Qatar held their first round of negotiations earlier this month. Japan had signed such treaties with 63 nations, including Kuwait, Saudi Arabia and Oman. (end) mk.tg