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Saturday, 30 August 2008


 

UK-SAUDI ARABIA DOUBLE TAXATION AGREEMENT

 

Double Taxation Conventions (DTCs) aim to eliminate the double taxation of income or gains arising in one country and paid to residents of the other country. They do this by dividing the taxing rights that each treaty partner has under its domestic law over the same income and gains. They provide additional protection for taxpayers by specific measures combating discrimination in tax treatment. More generally, Conventions benefit the taxpayer by ensuring certainty of treatment and, as far as possible, by reducing compliance burdens. DTCs also serve an Exchequer protection role by including provisions to combat avoidance and evasion - not least by measures providing for the exchange of information between Revenue authorities.

The UK has one of the largest networks covering more than 100 countries, Saudi Arabia are comparatively newcomers to DTCs but are rapidly expanding their network. The Double Taxation Convention to be signed between Saudi Arabia and the UK is the first between the two countries, though there is an earlier agreement covering international air transport which will remain in force.

UK-SAUDI SPORTS CO-OPERATION PROGRAMME MEMORANDUM OF UNDERSTANDING

The Saudi-British Sport MOU was signed by the two governments in December 1987 to promote the exchange of experts and friendly competition between the two countries.

The MOU is managed by the MOU Joint Committee, which is composed of representatives from UK Sport, the Foreign & Commonwealth Office (FCO), BAE Systems, the British Council, the National Coaching Foundation, the Saudi-British Society and other related sporting institutions. The Joint Committee meet annually to approve a list of possible proposals for the ensuing 12 months.

The programme is co-ordinated by Peter Waddell, of BAE Systems, who liaises with the General Presidency of Youth Welfare (GPYW) and the Saudi Sports Federations in Saudi Arabia, together with the various national governing bodies of sport and instructions in the UK. The British Embassy in Riyadh and the FCO in London provide the necessary government support.

Currently there are over 50 separate events each year, that cover a full range of sporting activities from coach education, sports science, sports medicine, doping control through mainstream sports such as football, volleyball, table -tennis, athletics and disability sports programmes.

The programme is jointly funded on the British side by the Government and BAE Systems, and by the General Presidency of Youth Welfare for the Saudi Arabian Government.

Further information is available at www.sauksport.com.

VOCATIONAL EDUCATION AND TRAINING MEMORANDUM OF UNDERSTANDING

The UK-Saudi Arabian Memorandum of Understanding in the field of Technical and Vocational Training is intended to encourage the hosting of joint conferences, workshops and exhibitions for trainees, employees and trainers. Exchange programmes to support the conduct of joint research and technical studies will help improve vocational training as well as enabling the exchange of research, studies, and other related information materials.

It is hoped that the MOU will e ncourage the provision of scholarships for Saudi trainees and trainers and the development of partnerships that may allow UK institutions to operate and provide high quality training institutions in the field of technical and vocational training in the Kingdom of Saudi Arabia. This may include activity such as trainers’ training, developing and/or providing qualifications recognised by both countries.

One example of a concrete benefit of the MOU may be the establishment of a UK/Saudi joint technical training institute in the Kingdom of Saudi Arabia.

 



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