IRELAND: Oman, Ireland sign agreement for avoidance of double taxation, tax evasion

The Sultanate of Oman and the Republic of Ireland today signed in Muscat an agreement for the avoidance of double taxation. The agreement pertains to taxes on income and the prevention of tax evasion between the governments of the two countries.

The agreement provides legal protection for investors, to spare them the imposition of double taxes. It also regulates the mechanisms of tax application in a manner that enhances investments and trade exchange between the two countries.

The agreement was signed by Nasser Khamis Al Jashmi, Chairman of the Tax Authority, and Gerard Cunningham, Ambassador of the Republic of Ireland to the Sultanate of Oman.

27 December 2024

ASIA: India risks losing $2b in tax revenue as crypto traders shift to offshore platforms

India could lose over $2 billion in tax revenue from cryptocurrency transactions over the next five years due to its tax policies driving traders to offshore platforms, according to a recent report.

Read More
29 November 2024

EU: Auditors admonish ‘loopholes’ in EU’s €100bn corporate tax avoidance fight

Brussels recently scored a win when judges ruled Apple should reimburse €13bn in underpaid taxes – but a high-profile tax havens blacklist is undermined by weak sanctions, and warnings of cross-border

Read More
22 November 2024

TURKS AND CAICOS: Companies Amendment Bill 2024 to combat financial crime and enhance transparency, says Attorney General

Attorney General of Turks and Caicos Islands, Rhondalee Braithwaite-Knowles, KC, has assured that the Companies Amendment Bill 2024 will address financial crime and illicit activities, while balancing

Read More
5 June 2024

PORTUGAL: Portugal toughens migration rules ahead of upcoming EU elections

The Portuguese government has put an end to an exceptional regime that allowed foreigners to enter Portugal and then apply for a residence permit. Portugal announced a new plan to toughed immigration

Read More