The updated agreement aims to enhance financial cooperation and boost trade and investment between the two nations
His Majesty Sultan Haitham bin Tarik has issued a Royal Decree ratifying the protocol amending the taxation agreement between Oman and India.
The revised agreement focuses on the avoidance of double taxation and the prevention of income tax evasion, ensuring compliance with international tax standards, reported zawya.com.
Boosting Economic Ties and Investment
The amendment aims to improve financial cooperation by facilitating the exchange of tax-related information, promoting transparency in cross-border financial transactions, and creating a stable business environment.
This revision is expected to provide clarity and stability for businesses operating across both countries, further strengthening trade and investment opportunities
Enhancing Cross-Border Financial Transparency
This updated taxation framework marks a major step in reinforcing economic ties between Oman and India. It aligns with global tax regulations, ensuring efficiency and transparency in financial dealings while encouraging foreign investment.
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