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FIJI NEWS
September 14, 2012 12:00:00 AM
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Fiji has sealed an agreement on Double Tax Agreement (DTA) with one of the richest countries in the world.

The Government of the State of Qatar and the Government of the Republic of Fiji met in Doha to finalise their agreement on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income.

Finace permanent secretary, Filimoni Waqabaca, in a statement said with the finalisation of the DTA, the two countries will now explore opportunities for trade and investment.

In thanking the Qatar negotiation team, Waqabaca acknowledged the country’s world highest GDP per capita and proven reserves of oil and natural gas and recently tops the list of the world’s richest countries.

He added that in 2010 Qatar had the world’s highest GDP per capita while the economy grew by 19 per cent.

The negotiations were conducted in a friendly, cooperative, and constructive atmosphere of mutual understanding and led to a consensus on all the provisions of the draft agreement, which was initialled.

The two delegations agreed to recommend to the competent Authority for the earlier signing of this agreement before end of the year.

By Ropate Valemei
 

Kapoor & Sons


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