Muscat:The governments of the Sultanate of Oman and Jersey have formalized an agreement aimed at eliminating double taxation concerning income taxes, and preventing tax evasion and avoidance between the two regions.
According to Oman News Agency, the agreement, signed in Muscat, seeks to provide legal protection for investors against double taxation and regulate taxation mechanisms, thus enhancing investment and trade exchange between Oman and Jersey.
The signing ceremony featured Nasser Khamis Al Jashmi, Chairman of the Tax Authority, representing Oman, and Ian Gorst, Minister for External Relations, representing Jersey. This agreement is a culmination of efforts to strengthen economic and financial cooperation, facilitate the flow of mutual investments, and open new avenues for trade partnership between the two countries.
