Rwanda is taking another step to attract cross-border investment after signing a Double Taxation Avoidance Agreement (DTAA) with the Sultanate of Oman, creating a clearer fiscal framework for businesses operating between the two countries.
The agreement is designed to prevent or reduce the risk of income being taxed in both Rwanda and Oman, helping create greater predictability for companies and investors engaged in cross-border activities.Beyond addressing potential double taxation, the agreement is expected to strengthen fiscal transparency and provide businesses with greater certainty when making investment and trade decisions across the two markets.
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Rwanda’s Ministry of Finance and Economic Planning said the agreement will contribute to a more supportive environment for investment, trade and private-sector development, reinforcing the country’s efforts to deepen international economic partnerships.
The signing also marks a further development in Rwanda-Oman economic relations, with both governments emphasizing sustainable growth and expanded economic cooperation as areas of shared interest.
For Rwanda, the agreement could help strengthen its position as an investment destination by reducing some of the tax uncertainties associated with international business and encouraging greater engagement between companies in both countries.