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2012 08 14

Lithuania plans to sign double taxation deal with Qatar

Lithuania plans to sign a double taxation avoidance agreement with Qatar that would help prevent tax evasion and encourage companies from the Persian Gulf state to invest in the Lithuanian economy.
Berniukas laiko Kataro vėliavą
Qatar / „Reuters“/„Scanpix“ nuotr.

The Finance Ministry proposes to open negotiations and initial a Lithuanian-Qatari agreement to avoid double taxation on income and capital and to prevent tax evasion, according to a draft government resolution drawn up by the ministry.

Qatar, whose representatives visited Lithuania in May, is a potential supplier of liquefied natural gas to Lithuania's planned LNG terminal in Klaipėda. Lithuanian President Dalia Grybauskaitė visited Qatar in April.

Rokas Masiulis, chief executive officer of Klaipėdos Nafta (Klaipėda Oil), state-run company that is implementing the LNG terminal project, has said that Qatar is interested in supplying gas to the facility.

Potential gas suppliers for Lithuania's LNG terminal include the United States, Norway, and Arab countries.

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