His Excellency the Saudi Minister of Finance Mr. Mohammed Aljadaan, and the Qatari Minister of Finance His Excellency Mr. Ali Al Kuwari signed a Double Taxation Avoidance Agreement (DTAA) between the Kingdom of Saudi Arabia and the State of Qatar in order to avoid double taxation and prevent tax evasion concerning income taxes, which was signed on May 30, 2024, in Doha, Qatar.

Minister Aljadaan said that the agreement is part of efforts to strengthen legislative coordination between the Kingdom of Saudi Arabia and the sisterly State of Qatar as they seek to encourage trade exchange between the two nations, and attract investments to the region.

Minister Al Kuwari, noted the importance of this agreement and its contribution to supporting international standards of transparency through the exchange of documented financial information, within the framework of the two nations' commitment to strengthening coordination and cooperation in tax matters and economic relations.