Doha, December 7 (QNA) - The State of Qatar and the Oriental Republic of Uruguay signed an agreement on the elimination of double taxation with respect to taxes on income and the prevention of tax evasion and avoidance.

The agreement was signed by HE Minister of Finance Ali bin Ahmed Al Kuwari and HE Minister of Foreign Affairs of Uruguay, Mario Lubetkin.

During the signing ceremony, HE the Minister of Finance emphasized the importance of the agreement, stating that it would contribute to supporting international standards of transparency through the exchange of documented financial information, while strengthening bilateral economic relations between the two countries.

The agreement aims to establish tax treaties that eliminate all forms of double taxation between the two countries.

It will enable both parties to prevent tax evasion, ensure fairness and equal treatment of individuals, and enhance trade cooperation and investment opportunities between governments and individuals. (QNA)