Treaty Updates
Please find the treaty updates for the month of September 2016. Canada – Israel: DTA Signed Saint Kitts and Nevis – Germany: TIEA Signed Liechtenstein – Austria: DTA Signed Cayman Islands – Isle of Man: TIEA Signed Japan – Panama: TIEA Signed
India to tax Mauritius and Cyprus investments from April 2017
A protocol to amend the provisions of the 1983 India-Mauritius double tax treaty was signed by both countries at Port Louis, Mauritius, on 10 May 2016. The Indian government had been trying to renegotiate the treaty since 1996 to combat issues of treaty abuse and round-tripping of funds. Under the current treaty, capital gains arising […]
Foreign investment in Qatar grows to $144 billion
The total foreign investment in Qatar has touched an estimated QR525.7bn ($144 billion). The country’s total inward investments increased by QR1.6bn at the end of 2014, from a year ago, “Qatar foreign investment survey 2015” released by the Ministry of Development Planning and Statistics (MDPS) noted. Other foreign investments, meaning transactions from aboard in the […]
Chinese investors pledge US$10.7bn to develop new industrial city in Oman
As of August this year, construction has commenced on the development of a new Sino-Oman industrial city, at a 11.7 square kilometre site located at the Special Economic Zone in Duqm, Oman. The development originates from an agreement valued at US$10.7bn between the Oman government and Chinese investors which will see the city being organised […]