Russia and the UAE completed negotiations and para) of the draft new agreement to avoid double taxation of income and capital and prevent tax evasion, the Ministry of Finance of the Russian Federation reports.
In Dubai, the final round of negotiations was completed between the delegations of the Ministry of Finance of Russia and the UAE, as a result of which the draft new agreement on avoiding double taxation of income and capital and the prevention of tax evasion was para) from the message.
On the Russian side, the document is paraffinized by the state secretary – Deputy Minister of Finance Alexei Sazanov, from the UAE – Deputy Minister of Finance Unis Haji Al Khuri. In addition to public companies and structures, private business and individuals will cover the new agreement.
This step emphasizes the adherence of countries to strengthen economic and tax cooperation, stimulate trade and mutual investment by creating a favorable environment for business and citizens.
“The interaction of Russia and the UAE expands every day, covering various spheres – the economy, the financial sector, trade. An agreement on avoiding double taxation will be another stage in this work now and in the tax sphere. We held several rounds of negotiations with partners from Arab emirates have reached agreements on the terms of the agreement that arrange both parties and will stimulate the growth of economic cooperation between our countries.
The parties agreed on the speedy exit to signing the agreement, and also assured each other that all possible efforts will be made so that the agreement enters into force on January 1, 2026.