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UAE, Saudi Arabia sign deal to avoid double taxation

Ankit Sharma

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<p>The UAE&rsquo;s Ministry of Finance signed an agreement with Saudi Arabia for the avoidance of double taxation and prevention of tax evasion with regards to taxes on income and capital.</p> <p><u><img alt="" id="6418508000000087001_imgsrc_url_0" src="https://wtf2.forkcdn.com/www/delivery/lg.php?bannerid=0&amp;campaignid=0&amp;zoneid=2360&amp;loc=https%3A%2F%2Fgulfnews.com%2Fbusiness%2Feconomy%2Fuae-saudi-arabia-sign-deal-to-avoid-double-taxation-1.2227664&amp;referer=https%3A%2F%2Fgulfnews.com%2Fbusiness&amp;cb=b1ffbd0d71" style="height:0px; width:0px" /></u>The deal was signed by ministers of finance from each country in a meeting in Jeddah during which the two ministers also discussed other topics including collaboration on the application of agreements regarding Value-Added Tax and selective taxation.</p> <p>The UAE said the deal on avoiding double taxation is part of efforts to increase investment opportunities and facilitate trade.</p> <p>Source:-https://gulfnews.com/business/economy/uae-saudi-arabia-sign-deal-to-avoid-double-taxation-1.2227664</p>