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.
Despite tightening measures against money laundering and terrorism financing, India has no immediate plans to regulate cryptocurrency transactions. The Indian government revealed it has no immediate
In early February 2024, the Commodities Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) announced new disclosure rules. These rules will apply to hedge funds and to
Portugal has now implemented the EU Minimum Tax Directive, introducing into domestic legislation a global minimum tax of 15% for large-scale multinational and domestic groups.The legislation includes
In its 2024 Risk Monitor report, the regulator noted that cryptocurrencies, including stablecoins, are increasingly used for cyberattacks, payments for illegal dark web activities, and evading sanctions