Sheikh Tamim bin Hamad Al Thani, the Deputy Emir of Qatar, on Thursday issued a decree ratifying a double taxation avoidance agreement between Qatar and the Seychelles, according to the Qatari English language daily, The Peninsula.
The DTAA was signed by representatives of the Seychelles and Qatari governments in July 2006, and the agreement allows investments made in either country from the other to qualify for tax breaks on dividends and royalty payments.
The DTAA has come into being following a visit by Seychelles President James Michel to the oil-rich Middle Eastern emirate earlier in 2006, where talks focused on enhancing investment links between the two jurisdictions, and came just a few days after the Seychelles had concluded a similar agreement with the government of Cyprus.
Sheikh Tamim's decree took effect from the date of issue (April 3rd).
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