The Isle of Man’s agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income with the Middle-East state of Qatar entered into force on November 15.
The agreement was signed May 6 in Qatar between Eddie Teare MHK, the Treasury Minister, and Moftah Jassim Al Moftah, Qatar’s director of public revenues and taxes.
The Isle of Man ratified the agreement at the June 2012 sitting of Tynwald, and the Chief Minister, Allan Bell MHK, informed the government of the State of Qatar that ratification had taken place.
The Qatar Embassy in London has now confirmed that Qatar has completed its own ratification procedures.
The text of the agreement can be viewed on the International Agreements page of the income tax division’s website.