Arab News: Saudi Arabia has signed a series of tax and customs agreements with multiple countries, further reinforcing the Kingdom’s commitment to global economic integration and enhancing its role in international trade.
The agreements were signed by Minister of Finance Mohammed Al-Jadaan, who also serves as chairman of the Zakat, Tax, and Customs Authority, during the 3rd Zakat, Tax, and Customs Conference held in Riyadh on Wednesday.
The two-day conference, inaugurated by Al-Jadaan, aims to strengthen Saudi Arabia’s international standing and promote deeper cooperation in the fields of tax, zakat, and customs.
The event focuses on digitization, artificial intelligence, and sustainability, addressing key challenges and supporting economic development in line with the goals of Saudi Vision 2030.
Al-Jadaan signed a double taxation avoidance agreement with Croatian Deputy Prime Minister Marko Primorac. This agreement aims to foster trade and investment between Saudi Arabia and Croatia while addressing tax-related challenges.
In addition, Al-Jadaan signed a customs cooperation agreement with Kosovo’s Minister of Finance, Labor, and Transfers, Hekuran Murati. This agreement focuses on enhancing trade facilitation through administrative collaboration and the use of advanced customs technologies.
He also signed a double taxation avoidance agreement with Kuwait’s Minister of Finance Noora Al-Fassam. This pact seeks to boost investment, address tax challenges, and strengthen bilateral economic relations between the two nations.
The conference brings together over 70 workshops, 90 local and international entities, and numerous panel discussions to share knowledge, address challenges, and develop strategies for supporting sustainable economic growth.
In his opening remarks, Al-Jadaan emphasized the conference’s role in fostering international collaboration and contributing to global economic recovery. He also highlighted Saudi Arabia’s progress in advancing Saudi Vision 2030, particularly through digital transformation.
Under ZATCA’s leadership, Saudi Arabia has become a global leader in e-government, achieving a 99.35 percent score on the UN E-Government Development Index.
This accomplishment reflects the Kingdom’s commitment to improving business processes and leveraging technology to streamline operations.
Al-Jadaan commended ZATCA for its continued excellence in achieving its objectives, contributing to Saudi Arabia's broader economic reforms, and advancing the Kingdom’s vision for a diversified and sustainable economy.
The 3rd Zakat, Tax, and Customs Conference underscores Saudi Arabia’s growing influence in global economic affairs and its proactive approach to fostering international partnerships.
By embracing innovation and working collaboratively with global partners, Saudi Arabia is positioning itself as a key player in the future of global trade and economic development.
https://www.arabnews.com/node/2581802/business-economy
