The United Arab Emirates Ministry of Finance has announced the signing of an agreement with the Republic of Kenya on the avoidance of double taxation on income.
“The UAE will be receiving a range of benefits as a result of the signed agreement," Ministry of Finance Undersecretary, Younis Haji Al Khouri said. "Such agreements are important as they allow Emirati investors to obtain tax reductions and exemptions on income and capital in both the public and private sectors. Furthermore, these agreements aim at protecting UAE investments from additional taxation in the future, while also maintaining Emirati investors’ rights in withdrawing their investment capital from any of the countries that have entered these agreements."
The UAE has signed 57 similar agreements.
“The UAE will be receiving a range of benefits as a result of the signed agreement," Ministry of Finance Undersecretary, Younis Haji Al Khouri said. "Such agreements are important as they allow Emirati investors to obtain tax reductions and exemptions on income and capital in both the public and private sectors. Furthermore, these agreements aim at protecting UAE investments from additional taxation in the future, while also maintaining Emirati investors’ rights in withdrawing their investment capital from any of the countries that have entered these agreements."
The UAE has signed 57 similar agreements.
