In a significant move to boost economic cooperation, the Sultanate of Oman and the Republic of Estonia have formally signed an agreement aimed at avoiding double taxation and preventing fiscal evasion related to income taxes. The agreement was finalized today in Muscat, marking a pivotal step in strengthening bilateral relations between the two nations. Representing the Omani government, His Excellency Nasser bin Khamis Al Jashmi, Chairman of the Tax Authority, underscored the importance of this agreement. Her Excellency Ingrid Amer, the accredited Ambassador of the Republic of Estonia to Oman, represented Estonia in this pivotal signing.
The primary objective of this agreement is to set clear regulations regarding tax imposition, providing essential legal safeguards for investors against the financial strain of double taxation. By clarifying these tax protocols, the agreement is expected to foster greater trade and investment opportunities, enhancing economic ties between Oman and Estonia. This collaboration not only promotes a more favorable business environment but also reinforces the commitment of both countries to support mutual economic growth.
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