10.12.06

Seychelles and UAE sign Double Taxation Agreement

Posted in Double Taxation Agreements at 3:28 pm by Robert Klien

Recently it was announced that Seychelles and the United Arabs Emirates had signed a bilateral Double Taxation Avoidance Agreement.

In accordance with a statement of the Seychelles Ministry of Finance, the agreement was signed in Singapore by Seychelles Minister for Finance, Danny Faure, and UAE Minister for State Finance and Industry, Dr Mohammed Khalfan Bin Khirbash, on September 19, 2006.
The agreement will strengthen the existing good economic relationship between the Seychelles and the UAE. Also, it provides for certainty regarding taxes payable on incomes generated from investments made between the Seychelles and the UAE. The Double Taxation Avoidance Agreement also gives new opportunities in increasing employment, trade and investment. The UAE is interested in investment in the tourism, fisheries and services sectors in the Seychelles.

The Seychelles already has Double Taxation Avoidance Agreements in force with China, Belgium, Thailand, South Africa, Indonesia, Malaysia, Oman, Namibia and Zimbabwe, and is working on  discussing agreements with other trading partners.

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