Kuwait, UAE Sign Deal To Avoid Double Taxation On Income
Date
2/11/2024 10:05:52 AM
(MENAFN- Kuwait News Agency (KUNA)) DUBAI, Feb 11 (KUNA) -- Kuwait and the United Arab Emirates (UAE) sealed an agreement during a key Arab fiscal forum in Dubai aiming to avoid double taxation on income and prevent tax evasion, Kuwait's finance Ministry said on Sunday.
The pan-Arab gathering looked into comparisons between state budget balance sheets among countries in the region, with Kuwait taking the opportunity to discuss its experiences on the matter, according to a ministry statement.
With experts from the International Monetary Fund monitoring the talks, Kuwait's Finance Minister Dr. Anwar Al-Mudhaf and his UAE counterpart Mohamed Hussaini put their respective signatures on the agreement as part of broader financial cooperation between the Gulf Arab countries, it said.
The talks come a day ahead of the World Governments Summit in Dubai, with Kuwait being represented through its state-run news agency KUNA's director general Dr. Fatma Al-Salem, alongside acting Public Authority for Civil Information chief Mansour Al-Methen. (end)
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