Russia and the EAU signed an intergovernmental agreement to avoid double taxation in relation to income taxes and capital. This was announced by the Russian Ministry of Finance.
Author:
https://rb.ru/author/mariya-rudnickaya/
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“The teams of the Ministry of Finance did a large -scale job to take into account the interests of both parties and form the conditions for the mutual attraction of investments and eliminate the double taxes of legal entities and individuals. This will contribute to stimulating trade, the growth of mutual investments and the creation of a favorable environment for business and citizens, “said Russian finance minister Anton Siluanov.
The document was signed according to the results of the Siluanov meeting and the Minister of Finance of the Eau Muhammad Ben Hadi al-Khuseini. The agreement is supposed to enter into force on January 1, 2026. The provisions apply to corporate income and taxes in the EAU, as well as the Income Tax, the Personal Income Tax, the Property Tax of organizations; Property tax in Russia. The agreement implies a 10% rate on dividends, interests and royalties.
The Russian Ministry of Finance began reviewing the double tax agreements with friendly countries in 2022. The authorities, with the help of this, wanted to reduce the cost of attracting direct investments of real investors, then the Vice Minister of Finance Alexei Sazanov.
Author:
María Rudnitskaya
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
