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

UAE and Venezuela ink avoidance of double taxation treaty

posted on 08/06/2010: 2475 views


Abu Dhabi, June 8, 2010 (WAM)- The Ministry of Finance announced yesterday that it has signed an agreement of double taxation avoidance and tax evasion prevention on income and capital with Venezuela. This agreement is in line with UAE's efforts to strengthen financial relations with various foreign countries and supporting investment promotion and economic development and cooperation. This is the first such agreement signed by the UAE with a Latin American country and signals the start of negotiations with other countries of that continent.

The agreement enhances UAE's economic openness and assists freedom of production and financial flows. It also plays a key role in strengthening and developing economic relations and partnership between the two countries. It will have a positive impact on trade by encouraging import and export operations and increase investment opportunities.

The agreement covers all types of taxes on income and capital, namely taxes imposed on total income or on elements of income including taxes on gains from transferring the ownership of the movable and immovable properties. It also covers taxes on investments in public and private sectors and contains simplifies financial and tax benefits of air and sea carriers.

Like all double taxation avoidance agreements with countries that have strategic ties with UAE, this agreement will provide full protection to exchanged goods and services, in addition to facilitating capital movement. It is consistent with enhancing cooperation and developing economic relations and will have a positive impact on our macro-economy. – Emirates News Agency, WAM

RELATED ARTICLES

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