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Kingdom, Belarus sign two agreements on double taxation

Kingdom, Belarus sign two agreements on double taxation
22 Jul
E-Media:
Riyadh - The Kingdom of Saudi Arabia and the Republic of Belarus signed here previous yesterday an agreement on the mutual protection and encouragement of investments as well as an agreement on the avoidance of double taxation and the prevention of tax evasion.
The two agreements were signed by the Saudi Finance Minister Dr. Ibrahim bin Abdulaziz Al-Assaf and the Belarusian Foreign Minister Sergey Martynov and the Minister of Taxes and Duties Anna Deyko.
According to Saudi Press Agency, Minister of finance pointed out  that the main goal of the agreement is to distribute taxation rights between the two countries, preventing tax dodging and tax discrimination, facilitating softer income taxation procedures for Belarusian and Saudi Arabian economic entities in their business operations in the two countries.
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