Arab Today, arab today uae palestine sign deal to avoid double taxation
Last Updated : GMT 14:10:26
Arab Today, arab today
Arab Today, arab today

UAE, Palestine sign deal to avoid double taxation

Arab Today, arab today

Arab Today, arab today UAE, Palestine sign deal to avoid double taxation

Abu Dhabi - Arabstoday

Represented by the Ministry of Finance (MoF), the UAE signed a final agreement to avoid double taxation on income with Palestine. The agreement was signed by Younis Haji Al Khouri, Undersecretary of MoF, and Dr Khairi Al Oraidi, Ambassador of Palestine to the UAE. This agreement aims to support the development of economic relations, improve the investment climate between the two economies, promote importing and exporting operations in addition to developing direct trade between both countries. It reflects the efforts of MoF to enhance financial relations with various countries around the world, and its continuous quest to provide full protection for taxpayers from double taxation, whether direct or indirect. Furthermore, the agreement serves to strengthen the UAE’s efforts to further access the world’s economy through promoting the free movement of production factors, increase investment opportunities, and encourage import and export operations while avoiding the obstruction of the free flow of trade and investment. Al Khouri said: “The signing of the agreement is one of the important steps that we have undertaken to strengthen mutual relations between both countries economically and financially. This agreement comes under considerable efforts by the Ministry to consolidate and strengthen the economic and investment cooperation between the UAE and the world. This is a mutual beneficial arrangement that will have a positive impact on the investment climate and economic development in the UAE.” “This type of agreement positively affects the protection and guarantee of investments and economic and trade co-operation between nations. In addition, it provides significant benefits to companies, sovereign funds, private sector institutions and residents as well as institutions of the federal and local governments, in addition to state owned airlines which are exempt from all taxes,” he added. The UAE has signed 64 agreements to avoid double taxation, and all have been adopted and are under implementation. Some of these agreements are with the most important trading partners worldwide, thus creating a distinctive investment climate for the private and public sectors as well as the development of the air transport sector.  These agreements have aided in increasing the volume of trade and tourism further contributing to the economic and social development of the nation. Double taxation agreements such as this help promote the development goals of countries by diversifying the sources of national income and increasing the volume of inward investment. Additionally, it takes into account tax matters and the prominent changes witnessed in the financial and economical world, along with new financial instruments and mechanisms for pricing and the removal of most forms of tax discrimination and reduction on certain taxes that were imposed on foreign investors. These agreements also provide a package of normative acts for states that face tax evasion, and create a framework to resolve tax disputes. From gulfnews

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uae palestine sign deal to avoid double taxation Arab Today, arab today uae palestine sign deal to avoid double taxation

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today uae palestine sign deal to avoid double taxation Arab Today, arab today uae palestine sign deal to avoid double taxation

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday