“I hope we can sign some of these agreements next week and soon see tourists and businessmen visiting both countries and exploring the streets of Abu Dhabi and the beach, as well as Jerusalem, our capital, the beaches of Tel Aviv and throughout the State of Israel.” 5. In this Article, “taxation” means the taxes which are the subject of this Convention. 4. Enterprises of a Contracting State the capital of which is wholly or partly owned directly or partly by one or more residents of the other Contracting State shall not be subject, in the first-mentioned Contracting State, to any taxation or requirement which is different or heavier than the taxation and related requirements imposed by other similar enterprises of that first-mentioned State under the same circumstances and under the same conditions. desiring to promote mutual economic relations by concluding a convention for the avoidance of double taxation and the prevention of fiscal evasion on income and capital; 3. This Article shall not be construed as requiring a Contracting State to grant to residents of the other State Party compensation, exemptions and reductions for tax purposes on account of marital status or family obligations which it grants to its own residents. “The Ministry of Finance is working to expand its network of international relations by signing double taxation treaties and conventions to protect and promote investment,” Khoori said. Double taxation treaties make a territory more attractive by reducing the taxation of profits sent abroad by foreign companies operating there. Dubai is a low tax zone, which is particularly appeaen of the tax treaties that apply to it. Of course, it is the UAE that actually signs tax treaties, although they automatically apply in all seven Emirates, including Dubai. 3.

The competent authorities of the Contracting States shall endeavour to establish by common accord any difficulty or doubt arising from the interpretation or application of the Convention. If it appears desirable to reach agreement on an oral exchange of views, such an exchange may be carried out by a committee composed of representatives of the competent authorities of the States Parties. They may also consult each other on the elimination of double taxation in cases not provided for in the Convention. Since mid-August, several trade agreements have been signed between the two countries when they agreed on normalization of relations. This Agreement shall not affect the fiscal privileges of diplomatic or consular officials in accordance with the general rules of international law or the provisions of special agreements. The attached Agreement between the Government of the United Arab Emirates and the Government of the Republic of India for the avoidance of double taxation and the prevention of fiscal evasion of income and capital entered into force on 22 September 1993, after the two States Parties had notified each other of the termination of the procedure provided for in the legislation relating to the entry into force of the Agreement referred to in Article 30, paragraph 1. of the abovementioned agreement: 2. The taxation of a permanent establishment which an enterprise of a Contracting State has in the other Contracting State may not be levied in that other Contracting State less favourably than the taxation of enterprises of that Contracting State which carry on the same activities in the same circumstances or under the same conditions.

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