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 signs agreement with Mexico to avoid double Taxation on Income

posted on 22/11/2012: 3825 views



The United Arab Emirates, represented by Ministry of Finance (MoF), signed yesterday an agreement with Mexico to avoid double taxation on income at the Ministry's headquarters in Abu Dhabi.

The agreement is aimed at strengthening mutual economic and trade relations and to develop investments between the two countries, where Mexico is currently the head of the G-20 countries.

Younis Haji Al Khouri, Under Secretary of MoF and Mexican Ambassador to the UAE, Francisco Alonso, signed the agreement on behalf of respective countries, in the presence of Khalid Ali Al Bustani, Assistant Undersecretary of International Financial Relations Sector at MoF and Dr. Hamed Nasr, Economist at MoF.

The agreement included several financial and tax benefits for investments of the public and private sectors in the UAE, which allows the establishment of a strategic cooperation and integration with Mexico and other countries of Latin America. Mexico is considered one of the most important emerging economies at the level of Latin American countries, and one most prominent countries included in the global index of government bonds.

Commenting on signing the agreement, Younis Haji Al Khouri, Undersecretary of MoF, emphasised the importance of establishing strong commercial and economic relations between the UAE and Mexico through improving the investment climate and the exchange of expertise and partnerships between the public and private sectors of both countries.

He shed light on the importance of the agreement as one of the main legal pillars and mechanisms of increasing the flow of investments, developing trade and tourist exchanges, and promoting the air transport industry in both countries. This agreement will also ensure a privileged position for the UAE's economy in all Latin American countries for its recognised infrastructure, monetary capabilities and fiscal policies that attract direct foreign investments.

In this context, Al Khouri highlighted the 67 concluded agreements to this day to avoid double taxation with 27 European countries, and 10 of the Commonwealth of Independent States (CIS), 9 Arab countries and 13 Asian countries in addition to 5 African countries, along with all of New Zealand, Canada and Mexico. These agreements included the leading trading partners of the UAE in different continents. - 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