07.09.06

Seychelles Double Taxation Agreement with Qatar

Posted in Double Taxation Agreements at 3:55 pm by Robert Klien

Qatar became the latest country that signed a Double Taxation Avoidance Agreement (DTAA) with the Seychelles. The DTAA was signed by the Seychelles Minister for Employment and Economic Planning and the Qatar Minister for Finance on July 8, 2006.

The DTAA allows investments made in one country from the other to qualify for tax breaks on royalty payments and dividends. Dividends paid on Qatari investments in the Seychelles are now qualified as tax credits, and they reduce the investing company’s tax burden in Qatar. The same measures work also in the opposite direction and this is expected to attract foreign companies ready to invest in Qatar to set up in the offshore world of the Seychelles.

At present, the only Qatari company trading in the Seychelles Qatar Airways, a national airline.

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