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.
HMRC is running a series of external engagement events across May 2024 to hear views on the non-dom policy changes that were announced at Spring Budget 2024. Anyone who wants to attend any of the sessions
Budget Prioritizes Financial Inclusion Through Crypto InnovationSouth Africa has unveiled plans in its 2024 budget to incorporate stablecoins and blockchain technology as part of a strategic shift towards
In a paper from European Central Bank (ECB) economists Ulrich Bindseil and Jürgen Schaaf, they argue that Bitcoin’s rise in value disproportionately benefits early adopters at the expense of latecomers
South Africa’s G20 presidency next year will focus on mobilising finance for nations stricken by climate-induced disasters and extending debt relief for developing countries, President Cyril Ramaphosa