Tuesday, 4 March 2014

Double Tax Avoidance Agreement (DTAA) - | Offshore Company Set Up | Business Set Up in Dubai | Company Formation in Dubai |


Since the UAE has no taxes, accordingly double taxation prevention treaties are aimed at making the UAE a more attractive territory in which to operate. Generally, under these treaties profits generated from shares, dividends, interest, royalties and fees are taxable only in the state where the income is earned according to mutually agreed terms and conditions. 

• To protect UAE investors from direct or indirect double taxation. 

• Investments to be taxed in the country of residence other than that country of source. 

• The U.A.E signed several bilateral agreements for avoidance and prevention of double taxation with most of its major trade partners.

ADVANTAGES

• Reduced Dividends Tax 
• Exempting Deposits from Tax 
• Exempting Capital gains from Tax 
• Exempting national air carriers and shipping companies working in international traffic from taxes and fees 
• Exempting Government Sector Establishments from Taxes on Dividends, Interest and Capital Gains 
• The Significance of the Tax Agreements to the Foreign Investor and the Investment funds 
• Impact of the Tax Agreements on attracting Foreign Investments and capital Movements

List of Double Taxation Avoidance Agreements: 

NoCountryExecutionNoCountryExecution
1Egypt26/3/199526Armenia29/12/2004
2Algeria28/11/200127Tajikistan29/01/2000
3Yemen25/8/200128Mangolia29/11/2002
4Tunisia24/2/199729Azerbaijan30/04/2007
5Morocco26/9/199930Austria27/04/2004
6Sudan28/11/200131Poland29/01/1994
7Syria11/6/200032Germany18/03/1996
8Lebanon25/10/199833Finland24/02/1997
9Mozambique04/05/200434Italy20/11/1995
10Pakistan29/01/199435Czech26/06/1997
11India
India (Protocole)
21/08/1993
04/09/2007
36France15/11/1989
12Srilanka04/05/200437Belgium26/06/1997
13Philippine29/12/200438Romania09/01/1996
14Korea04/05/200439Turkey29/01/1994
15Singapore17/06/199640Luxemburg07/05/2006
16Indonesia17/06/199641Spain13/08/2006
17Thailand12/11/200042Malta13/08/2006
18Malaysia17/06/199643Bosnia & Herzegovia30/04/2007
19China05/06/199444Seychelles06/02/2007
20New Zealand04/05/200445Mauritius20/06/2007
21Ukrania28/02/200446Canada07/01/2004
22Belarus02/01/200147Uzbekistan26/10/2007
23Holand29/11/200748Greece
24Bulgaria22/01/200849Kazakhistan
25Turkmenistan24/11/199950Vietnam





Vithul V Murali MBA
Al Zaeim Corporate Services
Dubai Mobile : +971 50 55 73 538
Email  : Vithul@a2zconsultus.com
Skype : Vithul.murali

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