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UAE inks 47 DTAAs with trade partners

Posted on 24/11/2008

The first UAE Ministry of Finance seminar on 'The Benefits of the UAE Double Taxation Avoidance Agreements for private sector in the UAE' was inaugurated by HE Khalid Al Bustani, Executive Director of Budget and International Relations, UAE Ministry of Finance. The speakers, during their presentations, highlighted the importance of the Double Taxation Avoidance Agreements (DTAAs) in the smooth inflow of foreign investment, and capital, in view of the UAE's signing of the agreement with many ...  >>MORE

UAE and Greece initial double taxation avoidance deal

Posted on 04/06/2008

United Arab Emirates and Greece initialled on Tuesday a draft treaty for the avoidance of double taxation on income. The agreement was reached at the end of the first round of negotiations that started in Athena earlier in May. The next round will be held in UAE in September. The two sides have reached a deal to continue to avoid taxation levied on air transportation by national carriers of both countries. – Emirates News Agency, WAM ...  >>MORE

UAE, Japan talks on double taxation

Posted on 28/10/2007

The third round of talks between the UAE and Japan about avoiding double taxation was concluded yesterday. The UAE delegation to the talks was headed by Khaled Ali Al Bustani, Assistant Undersecretary at the Ministry of Finance and Industry and includes members from the Ministries of Foreign Affairs, Finance and Industry, Abu Dhabi Investment Authority, Emirates Central Bank, UAE Ambassador to Japan and members of the Embassy. It is important to note that talks on this issue began in 1990s and ...  >>MORE

Third round of talks starts in Tokyo to avoid double taxation

Posted on 22/10/2007

The third round of negotiations to avoid double taxation between UAE and Japan will begin in Tokyo yesterday. The UAE delegation to the negotiation table is led by Assistant Undersecretary of the Ministry of Finance and Industry Khalid Ali Al Bustani and is consisted of officials from Foreign Ministry, Abu Dhabi Investment Authority and Central Bank. The five-day long negotiations will review the developments achieved after the earlier negotiations and will set the two countries on the path ...  >>MORE

UAE, Bulgaria sign double taxation pact

Posted on 28/06/2007

Sofia - The United Arab Emirates and Bulgaria yesterday signed an agreement for avoidance of double taxation and restriction of income and capital tax evasion. The agreement was signed yesterday by Dr Mohammed Khalfan bin Kharbash, Minister of state for Financial & Industrial Affairs and Plamen Oresharski, Bulgarian Finance Minister. Dr Kharbash said that the UAE runs the second largest economy in the Arab world and is considered as one of the key players in the region, especially after ...  >>MORE

UAE, Bulgaria to sign agreement on avoidance of double taxation

Posted on 25/06/2007

The UAE and Bulgaria will sign an agreement on avoidance of double taxation during a visit by a senior UAE economic official. Dr. Mohammed Khalfan bin Kharbash, Minister of State for Financial and Industrial Affairs, will fly on Monday to Bulgaria on a two-day state visit during which he will sign the agreement with the Bulgarian finance minister. When inked, the agreement will take to 45 the total number of agreements signed by the Ministry of Finance and Industry on avoidance of double ...  >>MORE

UAE and Holland sign agreement on double taxation

Posted on 09/05/2007

UAE and Holland signed yesterday an agreement on avoiding double taxation between the two countries. Mohammed Khalfan bin Kharbash, Minister of State - the Ministry of Finance and Industry signed on behalf of UAE, and from the Holland part, signed Frank Heemskerk, Holland Minister of Foreign Trade. "The agreement on avoiding double taxation with Holland will contribute to achieving economic stability between the two countries through strengthening mutual cooperation in economic and ...  >>MORE

UAE, Holland to sign agreement of avoiding double taxation

Posted on 08/05/2007

The UAE and Holland will sign in Abu Dhabi at the premises of the Ministry of Finance and Industry a bilateral agreement to avoid double taxation. Minister of State for Financial and Industrial Affairs, Dr Mohammed Khalfan bin Kharbash, will sign for the UAE government, while Holland's Foreign Trade Minister, Frank Heemskerk, will also sign the agreement for his country. The two countries signed the initial agreement to this regard in March following series of meetings of negotiations. ...  >>MORE

UAE residents to pay tax on capital gains in India

Posted on 20/04/2007

UAE residents will now have to pay taxes on short-term capital gains earned in India, according to the amended provision of the India UAE Double Taxation Avoidance Agreement (DTAA). According to tax professionals, this amendment has put to rest the confusion created by contradictory verdicts on the issue by various bodies in India in the past. As per the amendment to the UAE-India DTAA, income earned from either the stock market or any other investment in India will be taxed in India. ...  >>MORE

UAE seeks more pacts against double taxation

Posted on 06/04/2007

The UAE has signed treaties to avoid double-taxation with 44 countries and wants to have more of these pacts, a senior government official said. Khalid Ali Al Bustani, assistant under-secretary in the Ministry of Finance, said these bilateral agreements are important as entities from the UAE invest in a number of countries and the country is a major trading hub in the region. "We see taxation as an important issue. We want to sign avoidance of double-taxation agreements with many ...  >>MORE

UAE plans tax pacts with three nations

Posted on 30/10/2006

The UAE plans to negotiate double taxation agreements with Russia, Azerbaijan and Japan this year, a government official said yesterday. Khalid Ali Al Bustani told reporters on the sidelines of a regional double taxation workshop the agreements will help improve investment flows. He said the UAE already had 48 double taxation agreements with various countries after recently signing one with Uganda. It now wished to extend that network. After political and economic stability, a double taxation ...  >>MORE

UAE and Japan agree to begin double taxation agreement talks

Posted on 03/07/2006

The UAE and Japan agreed here on Sunday to begin talks on double taxation agreement within the coming few months. "The two sides agreed to commence talks on avoidance of double taxation on income during the coming few months", it was announced today following a meeting between UAE Minister of State for Finance and Industrial Affairs Dr. Mohammed Khalfan bin Kharbash and Japanese ambassador to the UAE Hajime Tsujimoto. The meeting also discussed bilateral cooperation between the two ...  >>MORE

UAE and Germany to begin talks on renewal of double taxation agreement

Posted on 18/06/2006

The UAE and Germany will begin talks on Monday in Berlin to renew the double taxation agreement on income. The two countries signed agreement in 1995. The UAE delegation will be headed by Khalid Ali Al Bustani, Assistant Under Secretary for Resources and Budgetary Affairs at the Ministry of Finance and Industry. The delegation will also include officials from the ministry of Foreign Affairs, the Central, Bank and the Abu Dhabi Investment Authority. The five-day talks will cover various aspects ...  >>MORE

UAE and Malta sign pact to avoid double taxation

Posted on 14/03/2006

The UAE and Malta yesterday signed an agreement to avoid double taxation. The agreement was signed by Dr Mohammad Khalfan Bin Kharbash, Minister of State for Financial and Industrial Affairs, and Dr Michel Frendo, Malta's Foreign Minister. Speaking shortly after the signing of the agreement, Bin Kharbash said: "The agreement, which is the first to be signed with Malta, mirrors the keen desire of both governments to enhance bilateral economic, commercial and tourism relations." It would ...  >>MORE

UAE and Spain sign agreement on double taxation

Posted on 06/03/2006

The UAE and Spain yesterday signed an agreement on avoidance of Double Taxation. With this agreement which was signed on behalf of the UAE by Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan and for Spain by his counterpart Miguel Angel Moratinos, the UAE becomes the first GCC country to sign an agreement with Spain on avoidance of double income and capital taxes. Speaking shortly after the signing ceremony, Dr. Mohammed Khalfan bin Kharbash, Minister of State for Finance and Industrial ...  >>MORE

UAE and Spain sign double taxation agreement

Posted on 01/11/2005

Madrid - The UAE and Spain have initialled a double taxation agreement, the first such agreement to be signed between Spain and a Gulf Cooperation Council (GCC) state. The agreement covers various aspects of economic and financial cooperation, in addition to facilities offered to investors in the two countries. The agreement which will be sealed later at the ministerial level is the most important agreement to be signed with Spain because it provides the legal framework for promoting ...  >>MORE

UAE and Jordan sign DTA

Posted on 13/06/2005

The UAE and Jordan signed on Sunday a double taxation agreement (DTA) which, they said, would boost economic and trade partnership. This agreement will bring the number of DTAs signed by the UAE with various countries to 44 of which 39 have been effected. "The agreement constitutes the framework for addressing double taxation between the two countries and provide more certainty of tax treatment for businesses within the tax jurisdictions of both countries. It will create a conducive ...  >>MORE

UAE-Japan sign double taxation agreement

Posted on 28/06/2004

The UAE yesterday signed an agreement with Japan to avoid double taxation on a range of air and sea freight activities. In a move which sets the two countries on the path to towards greater economic cooperation and cements trade ties, the two sides signed a memorandum of understanding (MoU) on specific tax exemptions. The agreement means that from August, when it becomes effective, nationals of the two countries will no longer be liable to direct, indirect and local government taxes on trade ...  >>MORE

UAE and Bosnia initial an agreement

Posted on 21/01/2004

The UAE and Bosnia Herzegovina yesterday initialled an agreement on the avoidance of double taxation on income and investments as part of the two countries' efforts to facilitate investment and to strengthen trade and tourism. Signing the agreement on the UAE side was Khalid Al Bustani, Under Secretary of the Finance Ministry and Industry for Budgetary Affairs, while Yousuf Komalik, Deputy Minister of Finance and Treasury, has signed on the Bosnian side. A Finance Ministry officials said ...  >>MORE

UAE, Malta to embark on double taxation evasion talks

Posted on 09/01/2004

A round of negotiations between the United Arab Emirates and Malta on double income and capital taxation evasion agreement is to begin next Monday in a bid to stimulate public and private investment and bolster bilateral trade and tourism. Nasser Al Suweidi, Director of investments at the Ministry of Finance and Industry, said Monday's talks would pave the way for drawing up the legal framework of the agreement which would lead to an economic equilibrium and develop the air transportation ...  >>MORE

UAE in dual taxation pacts with Austria, Philippines

Posted on 23/09/2003

The UAE and Switzerland, which signed an agreement for the promotion and reciprocal protection of investments in May 1999, are holding advanced discussions on an avoidance of double taxation treaty, said Swiss Minister of Finance Kasper Villiger. While addressing the Swiss Business Council here yesterday, the minister also said the UAE is Switzerland's second-ranking investment and trade partner in the Gulf after Saudi Arabia. Sheikh Hamdan bin Rashid Al Maktoum, Dubai Deputy Ruler and ...  >>MORE

Philippines in bid to seal UAE tax pact

Posted on 28/07/2002

The Philippines has begun moves to end double taxation with the UAE by the end of the year in a bid to increase trade between the countries. Both countries want to sign the treaty as early as possible after its approval by the Philippine Senate, a senior Philippine official said. The Philippine executive level has started to campaign for the approval of the treaty in the senate, said Philippine Bureau of Internal Revenue Deputy Commissioner Edmund P Guevarra, Guevarra and representatives ...  >>MORE

Double taxation between UAE and Philippines likely to go

Posted on 29/06/2002

Double taxation between the UAE and the Philippines is likely to be scrapped by the end of the current year to facilitate trade flow between the two countries, disclosed Atty Edmundo P Guevara, Bureau of Internal Revenue (BIR) Deputy Commissioner, following a second round of talks with the UAE Ministry of Finance and Industry recently in Abu Dhabi. This is remarkable considering the fact that treaties such as these rarely finished in just two rounds,” said Guevara in a report carried by ...  >>MORE

UAE signs tax accord with Canada

Posted on 10/06/2002

The UAE and Canada yesterday signed an agreement on avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and capital. The agreement was signed by Dr. Mohammed Khalfan bin Kharbash, UAE Minister of State for Financial and Industrial Affairs, and the Canadian ambassador to the UAE, Christopher Thomson. Dr. Kharbash urged greater public sector participation in boosting economic co-operation between the UAE and Canada. "Through this signing, there will be ...  >>MORE

UAE, Sudan sign crucial tax accords

Posted on 12/04/2002

UAE investors who do business in Sudan will be allowed to repatriate profits free of tax under an agreement signed between the two countries. DNATA is also in talks with Sudanese authorities to handle operations at Khartoum airport. Another agreement was signed on double taxation. Ghaith Al Ghaith, Emirates' Commercial Operations Director, who was part of a 70-member high-level delegation on board Emirates' inaugural flight to Khartoum, said the two agreements will pave the way for the smooth ...  >>MORE

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