facebooktwittertelegramwhatsapp
copy short urlprintemail
+ A
A -
webmaster
Tribune News Network
Doha
Qatar and China have signed the protocol amending the agreement for the avoidance of double taxation and preventing financial evasions concerning income taxes between governments of the two countries at the General Tax Authority’s headquarters in Doha on Thursday.
The protocol was signed by General Tax Authority President Ahmed bin Issa Al Mohannadi and China’s Ambassador to Qatar HE Zhou Jian. The signing ceremony was attended by Qatar Airways Group Chief Executive Officer Akbar Al Baker.
Mohannadi said, “The signed protocol amending the agreement to avoid double taxation and prevent fiscal evasion with China would strengthen the existing economic relations between the two countries. China is one of the most important trade partners of Qatar. The cooperation between the two countries’ tax authorities will have positive effects on several trade and investment aspects between the two nations. The amending protocol aims to grant Qatar Airways tax exemptions on air freight, passenger transport. It also aims to strengthen efforts regarding double taxation between the two countries, encouraging trade exchange, increasing capital movement, enhancing investment opportunities, and strengthen economic relations between the two countries.”
Jian said, “I am delighted to sign the protocol on behalf of the Chinese government, which is good news for enterprises from both countries and will help create a better business environment for them and provide in particular stronger momentum for Qatari companies, including Qatar Airways, to expand their investments and operations in China. Since last year, despite the impact of the COVID-19 pandemic, China-Qatar economic and trade cooperation has kept growing. China became for the first time Qatar’s largest trading partner in 2020, which highlights the resilience and vitality of the bilateral pragmatic cooperation.”
“Currently, China is implementing its 14th Five-Year Plan, and setting out its long-range development objectives through the year 2035, in order to foster a new development pattern centring on domestic circulation with domestic and international markets promoting each other, thus fully enhancing domestic consumption and expanding China’s opening up to a higher level. Obviously, China’s huge market of 1.4 billion populations and its corresponding consumption potential will provide a new strategic opportunity for our pragmatic cooperation. I am fully optimistic and confident in this,” he said.
Baker said, “We are pleased that the tax authorities of Qatar and China have signed a new bilateral agreement. China is an important and significant player in the economic world, and this cooperation will further strengthen the warm and strong relations between the two countries.”
“Qatar Airways has demonstrated its continued commitment to China, and looks forward to further developing its presence in the Chinese market as COVID-19 restrictions ease,” Baker said.
Qatar has signed several agreements to avoid double taxation and prevent fiscal evasion with other friendly countries.
copy short url   Copy
14/03/2021
947