The United Arab Emirates has an extensive and growing list of double taxation conventions, which currently number more than 60. This network includes contracts with China, France, Germany, India, Indonesia, Italy, Luxembourg, Malaysia, Malta, the Netherlands, Singapore and South Korea. Therefore, while most Dubai agreements to avoid double taxation are customized, provisions on dividends paid by a company in the United Arab Emirates to a company that has a double taxation agreement with the United Arab Emirates cannot be taxed in the hands of the foreign parent company. However, it is advisable to study the very text of the treaties before adopting something on the tax treatment of unredated income streams originating in Dubai. “I hope that next week we can sign some (of these agreements) and that we will soon see tourists and businessmen visiting both countries and visiting the streets of Abu Dhabi and the beach, as well as in Jerusalem, our capital, the beaches of Tel Aviv and throughout the State of Israel.” “The Ministry of Finance is very keen to expand its network of international relations by signing agreements to avoid double taxation and agreements to protect and promote investment,” Khoori said. DUBAI/JERUSALEM, Oct 15 (Reuters) – The United Arab Emirates and Israel have reached a tentative agreement on preventing double taxation as part of measures to encourage investment between the two countries, the U.S. Ministry of Finance said on Thursday. The United Arab Emirates has 100 double taxation agreements with most of its trading partners. There are other double taxation conventions that have come into force recently. These include the United Kingdom (in force on 25 December 2016), South Africa and Romania (January 1, 2017).
Ashkenazi said agreements would be underway to allow Israeli airlines to travel directly to the United Arab Emirates and open new markets for Israeli technology and create official Israeli representations in the Gulf. The first agreement to avoid double taxation was signed between the United Arab Emirates and France. Since then, the UAE, including Dubai, has signed 92 double taxation agreements with countries around the world. Israel and the United Arab Emirates signed a standardization agreement on 15 September that established formal diplomatic relations. Since mid-August, several trade agreements have been signed between the two countries, in which they have agreed on a normalization of relations. Foreign investors should be aware that taxes paid in Dubai may be charged in the foreign company`s country of origin as a credit to the tax paid in the United Arab Emirates, depending on the provisions of the Double Taxation Convention and applicable legislation in the country of origin. Our Dubai lawyers can provide you with specific information on the provisions of each double taxation agreement if you wish to learn more about the actual agreement between Dubai and your country. The list of conventions aimed at avoiding double taxation includes: Albania, Algeria, Armenia, Austria, Azerbaijan, Andorra, Belarus, Benin, Belize, Bangladesh, Bermuda, Barbados, Bosnia and Herzegovina, Belgium, Mauritius, Canada, Bulgaria, China, Czech Republic, Egypt, Estonia, Ethiopia, Cyprus, Finland, Fiji, Georgia, Gambia, New Guinea, Germany, Greece, Hong Kong, Italy, India, Ireland, Japan, Kazakhstan, Kyrgyzstan, Kenya, Indonesia, Lebanon, Luxembourg, Latvia, Liechtenstein, Lithuania, Macedonia, Macedonia, Macedonia, Macedonia, Macedonia Macedonia, Macedonia, Macedonia, Macedonia, Macedonia, Macedonia, Macedonia Malta, Mongolia, Montenegro, Morocco, Mauritius, Mauritania, Mozambique, Mexico, Netherlands, New Zealand, Nigeria, Pakistan, Philippines, Poland, Portugal, Palestine, Panama, Romania, Russia, Seychelles, Singapore, Senegal, Switzerland, Spain, Serbia, Slovenia, Slovakia, Sri Lanka, South Korea, Sudan, Syria, Tajikistan, Thailand, Tunisia, Turkey, New Zealand, Ukraine, Uruguay, Uruguay, Vietnam, Vietnam.