Cambodia and Qatar have initiated discussions on a double taxation avoidance agreement (DTA) to enhance bilateral trade and investment, with...
Cambodia and Qatar have initiated discussions on a double taxation avoidance agreement (DTA) to enhance bilateral trade and investment, with a particular focus on supporting enterprises in air and water transportation.
The first round of negotiations took place from October 21-24 at the General Office of the Tax Authority in Doha, Qatar. The General Department of Taxation released details about the meeting.
The Cambodian delegation was led by Mr. Seng Chea Sith, Head of the Department of Legislation, Fiscal Policy and International Tax Cooperation, while the Qatari side was represented by Mr. Abdulla Ahmed Al-Sulaiti, Head of the Tax Treaty and Negotiation Division of the General Tax Authority of Qatar.
As the host, Mr. Al-Sulaiti emphasized the significance of the DTA in expanding bilateral tax cooperation between the two countries, expressing hope for a swift and successful conclusion to the negotiations.
Mr. Seng Chea Sith commended the Qatari delegation's efforts and expressed mutual agreement to expedite the DTA negotiations. He highlighted the agreement's importance in promoting trade and investment growth, especially for enterprises operating in air and water transportation sectors.
"The negotiations on the DTA are crucial for fostering mutual trade and investment opportunities," Mr. Seng Chea Sith stated in a press release on October 25, 2024.
The parties are committed to continuing negotiations with the aim of signing the agreement in the near future. It was also noted that Cambodia is simultaneously exploring similar taxation agreements with other regions.
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