An income and capital tax treaty was signed on 15th of July 2017 by the United Arab Emirates (UAE) and the Finance Minister of Cameroon for the avoidance of double taxation.
The Croatian Prime Minister, Andrej Plenkovic, made a visit on 13th of July 2017 to meet the United Arab Emirates (UAE) Foreign Minister. During the meeting they discussed political relations and the advancement of economic cooperation. Also a first-time income and capital tax treaty was signed on 13th of July 2017 for the avoidance of double taxation by the Finance Minister of Croatia, Zdravko Maric and Foreign Affairs and International Cooperation Minister of United Arab Emirates, Sheikh Abdullah bin Zayed bin Sultan Al Nahyan. The treaty determines the allocation of taxing rights on different types of income, better conditions for facilitating the exchange of goods and services, and boosting economic activity.
The Deputy Prime Minister and Minister of Foreign and European Affairs of Croatia, Marija Pejčinović Burić, made a visit on 13th of July 2017 in Zagreb to meet the Minister of Foreign Affairs and International Cooperation of United Arab Emirates (UAE) and signed an Income Tax Treaty for the avoidance of double taxation. It was authorized for signature on 29th of June 2017 by the Croatian government for the avoidance of double taxation.
Moldova authorized to sign a Double Taxation Agreement (DTA) on 28 June 2017 with United Arab Emirates (UAE) for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
The Finance Ministry of the United Arab Emirates (UAE) on 10th of May 2017 arranged a briefing session in respect of the new Excise Tax Law. Implementation of the UAE Excise Tax Law follows the Gulf Cooperation Council (GCC) Ministers of Finance approval in principle, of a unified agreement, in June 2016. In accordance with agreement, excise duty will be introduced in the UAE by the fourth quarter of 2017. The other GCC Member States also have a plan to implement the excise tax by the end of 2017. The 5 per cent excise tax is to be implemented across the GCC countries by 2018. The UAE government has proposed a 50 per cent excise tax on carbonated drinks, and a 100 per cent tax on energy drinks, tobacco and tobacco products. The importer will need to pay the accurate amount of excise tax to the tax authority before discharging the goods from the designated storage area. The final excise tax law is expected to be published before the end of June.
The Double Tax Agreement (DTA) between United Arab Emirates and Slovak Republic was signed in 2015 and was come into force on 1st of April 2017. This treaty will be applicable from 1st of January 2018.
On 20 April 2017, the general council of Andorra approved the Double Taxation Agreement (DTA) with United Arab Emirates for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.