Awwal 22, 1432 H/April 26, 2011, SPA -- Deputy Finance Minister Dr. Hamad bin Sulaiman Al-Bazai signed here today with the Romanian Foreign Minister Theodore Paconski an agreement between the Government of the Kingdom and the Government of Romania for the avoidance of double taxation and prevention of taxation evasion with respect to taxes on income. On the occasion, Dr. Al-Bazai said that the convention is a stable legal framework which defines the tax relations between the two countries, urging businessmen in both countries to benefit from the advantages provided by the Convention and tax cuts for the establishment of more joint investment projects.
