Oman, Kazakhstan Sign Double Taxation Avoidance Agreement; Boost Economic Cooperation

Muscat : In a significant step towards strengthening bilateral ties, Oman and Kazakhstan have signed an agreement to avoid double taxation and prevent tax evasion on income and capital. The accord, signed during an official visit by an Omani delegation to Kazakhstan from May 29 to 30, aims to create a more investor-friendly climate and stimulate economic cooperation between the two nations.

The Omani delegation was led by His Excellency Sultan bin Salim Al Habsi, Minister of Finance, and included senior representatives from the Ministry of Commerce, Industry and Investment Promotion, the Tax Authority, and the Oman Investment Authority.

During the visit, H.E. Al Habsi met with Kazakh President Kassym-Jomart Tokayev, delivering greetings and well-wishes from His Majesty Sultan Haitham bin Tarik to the leadership and people of Kazakhstan.

In addition to the tax agreement, both sides held extensive discussions on expanding collaboration in key sectors such as logistics, mining, food security, and the financial sector. Opportunities for joint ventures in the oil and energy industries were also explored.

The visit underscores the mutual commitment of Oman and Kazakhstan to deepening strategic cooperation, boosting trade and investment flows, and fostering sustainable economic growth through enhanced bilateral relations.