Malta And UAE Begin New Round Of Double Taxation Avoidance Talks
Malta and the United Arab Emirates are to begin another round of discussions on the elimination of double taxation this week, as the two sides look to cement growing trade and diplomatic links and boost bilateral investment.
According to reports from the Middle East, Nasser Al Suweidi, director of investments at the Ministry of Finance and Industry in the UAE government, commented that the talks will "pave the way for drawing up the legal framework of the agreement which would lead to an economic equilibrium.” He also envisaged further developments in aviation links between the two nations.
The United Arab Emirates has negotiated similar double taxation agreements with 43 countries, and further agreements are planned with Luxembourg, Sweden, Croatia and Uzbekistan, Al Suweidi revealed. He also indicated that talks are advancing with six other countries: the UK, Switzerland, Russia, South Africa, the Netherlands and Slovakia.
.
|
|
IMPORTANT NOTICE: THE LOWTAX NETWORK has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright THE LOWTAX NETWORK 1999 to 2009. Contact us for further information.