Thndr – by Shams Abbas
February 28, 2023
The Clap
Egypt & Qatar agreed to eliminate double taxation between the two countries to stimulate joint investments, especially Qatari investments in Egypt.
What
Double taxation refers to the imposition of taxes on the same income, assets or financial transaction twice.
The agreement targets taxes on corporate profits, interest, dividends & capital gains (gains from selling stocks/bonds).
So What
This agreement signals that economic relations between the two countries are developing.
According to a study by the London School of Economics, double taxation treaties have a positive effect on foreign direct investment of the countries participating in the agreement.
Now What
Qatar’s Prime Minister said this agreement encourages Qatari investments in Egypt.
