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UAE Double Tax Treaties

Dec 25th ,2019 / Haroon Juma / VAT Blogs

 

In seeking to establish competitive and dynamic economy, the UAE Government has sought to build an attractive investment environment to offer resident companies and individuals the benefits from its attractive tax environment.

The Ministry of Finance has over the last years agreed Double Tax Treaties with a number of jurisdictions to minimise impacts from similar taxes imposed the same taxpayer in both countries.

The UAE Double taxation is defined when similar taxes are imposed in two countries on the same tax payer on the same tax base, which harmfully affects the exchange of goods, services and capital and technology transfer and trade across the border.

Public and private companies, investment firms, air transport firms and other companies operating in the UAE, as well as residents, benefit from Avoidance of Double Taxation Agreements (DTA).

With the purpose of promoting its development goals, the UAE concluded 115 DTA to with most of its trade partners.

Who is eligible under avoidance of DTA Agreements?

 

There are specific requirements to obtain a tax residency (Domicile) certificate in UAE issued by the International Financial Relations and Organisations Department.  

In both scenarios, the applicant must provide the necessary documents to support and evidence their eligibility.

What documentation is required?

Dependant on the applicant (as a company or individual) different documentation is required:

Failure to provide accurate and valid documentation can lead to delays and complications, therefore preparation is recommended with support from an experienced advisor.

What jurisdictions are applicable?

 

MoF is continuing to increase its arrangements with other tax jurisdictions, the complete list of at of December 2019 is listed below:

Support to You

 

If your business is unsure and inexperienced with the MoF process, it is advisable to secure expert support.

As a Registered Tax Agency we at Simply Soved Accounting are able to support you in obtaining your Tax Domicile Certificate.

The benefit of setting out with professional support will save time, frustration and avoid negative consequences.

Contact us to speak to an experienced advisor.

Partner With SimplySolved

Serving over 200+ clients we know the challenges your business faces operating cost effective, compliant and efficient back office operations in Finance, Tax, Human Resources Management, IT and Marketing.

As an FTA Accredited Tax Agency with ISO 9001 Quality & 27001 Information Management Certification, we offer a quality-based approach to our services supported by dedicated team of certified professionals.

We support our clients with defined processes, platforms and expertise to deliver advisory, project and outsourced services in Accounting, Tax, Auditing, HRM, IT & Marketing. Our offerings are specially designed to meet the UAE Regulations to put you in control of your information, comply to the regulations and help you make better business decisions.

 

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