Muscat July 10, 2023:

The Sultanate of Oman and Russia Federation have signed an agreement to avoid double taxation and the prevention of tax evasion for income taxes in Muscat. On the Russian side, the document was signed by the Deputy Minister of Finance Alexey Sazanov, while in Oman the Chairman of the Tax Authority Saud Bin Nasser Al Shukaili signed on behalf of the government.

The agreement is aimed at the legal protection of investors from double taxation and the regulation of taxation between the two countries. This move is an important step and will contribute to the expansion of investment, trade exchange and boost bilateral economic cooperation of both countries.

Meanwhile, Oman has signed more than 38 taxation agreements with friendly countries to expand the scope of investments and trade exchange.

Read More.