UAE signs tax treaty with Israel

clock • 1 min read
UAE signs tax treaty with Israel

The United Arab Emirates signed a tax treaty with Israel on 31 May in a follow-up move to normalising relations in 2020. A statement by Israel's Finance Ministry said the agreement was aimed at bolstering economic ties between the two countries as they pursue normalisation by avoiding double taxation. The treaty is based primarily on the OECD model, Israeli Finance Minister Israel Katz said in a statement, adding that it "provides certainty and favourable conditions for business activit...

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