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UAE Signs Double Taxation Agreement With Burundi

by Lorys Charalambous, Tax-News.com, Cyprus

23 February 2017


The UAE and Burundi have signed two agreements to avoid double taxation and promote investments between the countries.

The agreement was signed by Obaid Humaid Al Tayer, the UAE's Minister of State for Financial Affairs, and Domitien Ndihokubwayo, Burundi's Minister of Finance, Budget, and Development Planning.

Al Tayer said that the agreements provide full protection for taxpayers from direct and indirect double taxation, and will facilitate international trade.

He said that under the double taxation agreement, national airlines and government investments will be exempt from taxes. The agreement also covers capital taxes and will reduce the tax burden for private sector investments, he added.

The UAE has signed more than 103 agreements to avoid double taxation.

TAGS: United Arab Emirates | Finance | tax | investment | agreements | trade | Burundi

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