Kosovo signs agreement on eliminating double taxes with Saudi Arabia

Kosovo signs agreement on eliminating double taxes with Saudi Arabia

Finance Minister Bedri Hamza, under his official visit to Washington, along with Saudi Arabia Finance Minister Mohammed Al-Jada, have signed the Agreement on Eliminating Double Tax between Kosovo and Saudi Arabia. According to Hamza, this agreement will be a legal act that will benefit citizens and [...]

According to Hamza, this agreement will be a legal act that will benefit both citizens and businesses from both countries, and is once an additional legal tool to motivate and benefit foreign investments in our country.

During his visit to Washington, Hamza also met with senior officials of the International Monetary Fund and the World Bank, including with International Monetary Fund Deputy Director Tao Jean, Deputy Director of the International Monetary Fund for Europe Paul Thomsen, with World Bank for Europe and Central Asia Deputy Director Cyril Mueller, and World Bank for the Western Balkans Director Linda Van Gelder.

In this case Hamza announced representatives of the International Monetary Fund and the World Bank for Kosovo's macro-economic stability and economic development, as well as plans for the future.

In the Ministry of Finance communiqué, officials of the International Monetary Fund and the World Bank reportedly commended Minister Bedri Hamza for Kosovo's current financial and economic progress, which as a result of this Republic of Kosovo is already at the top of the 20 biggest Doing Business reformers this year in the World Bank report.

“They also confirmed further support for the Ministry of Finance, but also for other institutions in the country”, the statement concluded.

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