Companies established on the QFC's platform also benefit from an efficient double tax agreements
network with 81 countries around the world.
We also have more double tax agreements
(DTAA) and bilateral investment treaties with over 100 countries.
In addition, double tax agreements
should be updated accordingly to recognize that certain fact patterns constitute a PE under a double tax agreement
and consequently allocate taxing rights to the state in which the PE is located.
"Visa-free travel, family security, expanding businesses, preservation of wealth and double tax agreements
are some of the few benefits that these individuals wish to attain when looking for an alternative citizenship," she said.
Chapter 4 discusses different tax provisions in the global economy such as double tax agreements
, trade agreements, transfer pricing etc.
Mauritius is a member of the Common Market for Eastern and Southern Africa (COMESA) and the Southern African Development Community (SADC), and currently has double tax agreements
with 38 countries including 14 African countries; five more African agreements are in the pipeline, among them the Kenyan agreement.
Chidambaram addressed these concerns at a news conference, saying the amendment had sought to clarify that tax authorities would now look at not only the tax residency requirement, but also enforce rules mandating these foreign investors are the beneficiaries of any investments under double tax agreements
Malta's tax legislation provides for relief from double taxation, whether through negotiated double tax agreements
with a substantial number of countries worldwide, or through unilateral provisions.
Double tax agreements
helped reduce tax impediments to trade and investment between countries and gave greater certainty about how cross-border business income would be taxed.
The seminar which was facilitated by Ebrahim Baeshen, partner and Suleman Mulla, Tax Director based in Jeddah, highlighted issues such as, the Department of Zakat and Income Tax (DZIT)'s approach to deductible items for Tax and Zakat purposes, Impact of the expanding network of Saudi's double tax agreements
on business decisions and an interesting section on structuring of investments and importance of tax due diligences.
The OECD's model treaty, which has gone through several revisions over the years, still stands as the model upon which most of the current existing double tax agreements