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Oman and Tanzania sign Agreement to avoid Double Taxation
Muscat June 14, 2022:
The Sultanate of Oman has signed an agreement with the Republic of Tanzania to avoid double taxation and prevent tax evasion on income. A number of other memoranda of understanding have been signed-in various fields that cover energy, tourism, natural resources, higher education and training and national museums.
A tripartite memorandum was signed between the Oman Chamber of Commerce and Industry, the Tanzania Chamber of Commerce, Industry and Agriculture and the Zanzibar National Chamber of Commerce. A memorandum was signed between the Oman Investment Authority and the Zanzibar Investment Promotion Authority.
An investment fund will also be established between the two countries that will be concerned with investment in several fields including agriculture, fishing and mining.