11.24.06
UAE approves DTA with Seychelles
In October, the Seychelles announced having signed a bilateral Double Taxation Avoidance Agreement with the United Arabs Emirates on September 19, 2006. This agreement is supposed to strengthen the existing good economic relationship between the two countries.
On November 12, 2006, the UAE Cabinet held its weekly meeting to discuss numerous issues. Among a number of laws, drafts and memoranda submitted by the ministers, the Double Tax Treaty with the Seychelles was on the agenda.
The United Arabs Emirates’ cabinet approved an agreement on avoidance of double taxation signed with the Seychelles.
Bilateral agreements signed with the UK, France and Northern Ireland were also approved.