LUXEMBOURG: Oman and Luxembourg sign agreement to avoid double taxation

The Sultanate of Oman and the Grand Duchy of Luxembourg have signed an agreement to eliminate double taxation on income and prevent tax evasion. This accord aims to provide legal protection for investors from both nations by regulating taxation mechanisms and avoiding the issue of double taxation, thus fostering increased investments and trade exchanges.

The agreement was signed on behalf of Oman by H E Sheikh Dr Abdullah bin Salem al Harthy, Ambassador of Oman to Luxembourg, while H E Gilles Worth, Minister of Finance, signed on behalf of Luxembourg.

Following the signing ceremony, the two sides held a discussion session. His Excellency Gilles Worth expressed Luxembourg’s commitment to ensuring that the agreement is fully utilised to enhance economic cooperation between the two friendly nations.

19 April 2024

HONG KONG: Hong Kong’s spot crypto ETFs have one big attraction: no tax

Hong Kong’s upcoming exchange-traded funds (ETF) that invest directly into cryptocurrencies could be attractive to many Asian investors, industry insiders say, but demand may still be a trickle compared

Read More
4 October 2024

FINTECH: Binance warns of crypto market risks from overvaluation, centralization

The cryptocurrency market faces significant risks due to overvaluation and the centralization of token ownership, according to a recent report from Binance. The report warns that if these challenges

Read More
26 April 2024

TAX: World’s billionaires should pay minimum 2% wealth tax, say G20 ministers

The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250bn a year for the global fight against poverty, inequality and global heating, ministers from

Read More
7 February 2025

US: Wealth Tax on Megarich Would Invest in Washington State’s Future

Despite Governor Ferguson’s hemming and hawing, state lawmakers are advancing a wealth tax that could raise billions to fully fund public schools and avert a budget crisis.President and convicted

Read More