The UAE will host Expo 2020!
  • Arabic
Supported by the UAE National Media Council
We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

MOF inks draft agreement with People's Republic of Bangladesh to avoid double taxation

posted on 04/11/2009: 3030 views

In its efforts to streamline economic and investment cooperation with other countries across the world and to strengthen the UAE's investment and economic development potential, the Ministry of Finance (MOF) signed a draft agreement with the People's Republic of Bangladesh to avoid double taxation of income. The draft agreement was reached after negotiations that lasted three days at the office of the Ministry in Abu Dhabi.

Commenting on the draft agreement, HE Khalid Al Bustani, Executive Director for International Financial Relations, Ministry of Finance said: "The UAE is a leading country to have signed the most agreements to avoid double taxation. These agreements bring about a positive impact on investment promotion, economic cooperation and trade between the UAE and other countries. The number of such agreements that the UAE has signed with various countries has now reached 49." According to the draft agreement, governmental institutions are exempted from all types of tax on any income. In addition the agreement reduces tax on private investment from 17.5 per cent to 5 per cent. It also gives investors in the UAE other financial benefits and includes a complete taxation exemption of income derived from aviation.

Income taxes include taxes on total income, elements of income and on gains generated from movable and immovable property or funds.

The volume of the UAE's non - oil exports to Bangladesh has increased from AED 79 million in 2007 to Dh107 million in 2008. - Emirates News Agency, WAM


29 May 2016 UAE, Kosovo sign two agreements on avoidance of double taxation, protection and promotion of investment
21 April 2016 UAE and Jersey sign agreement on avoidance of double taxation on income
13 April 2016 UAE signs agreement on avoidance of double taxation with the United Kingdom
12 April 2016 UAE and Jordan sign agreement on avoidance of double taxation
29 March 2016 UAE, Finland sign agreement on exchange of information for tax purposes

Most Read