Uzbekistan and Qatar Taxation Agreement in Force
New Tax Agreement Between Uzbekistan and Qatar Comes into Force
As of February 12, 2024, the agreement between the Government of Uzbekistan and the Government of Qatar on the elimination of double taxation on income tax and the prevention of tax evasion and tax avoidance has officially come into force. The agreement, which was signed in Samarkand on June 6, 2023, aims to establish a legal framework for bilateral tax relations between the two countries.
The specific goals of the agreement include the elimination of double taxation, the prevention of tax evasion, the allocation of tax rights between the parties, and the prevention of discriminatory taxation practices. This international agreement is expected to strengthen bilateral cooperation and expand the investment potential for both Uzbekistan and Qatar.
In addition to the new tax agreement, it is worth noting that Uzbekistan recently appointed its first ambassador to Qatar. The diplomatic mission of the republic is led by Ashraf Khodjayev. These developments reflect the growing relationship between Uzbekistan and Qatar and demonstrate a commitment to further cooperation and collaboration between the two nations.
