UAE Strengthens Economic Ties with Russia Through Double Taxation Avoidance Agreement
The United Arab Emirates (UAE) has successfully concluded the final round of negotiations with the Russian Federation for a Double Taxation Avoidance Agreement (DTAA) on income and capital. This landmark agreement highlights the UAE's commitment to fostering a business-friendly environment, enhancing economic cooperation, and eliminating tax-related barriers to investment and trade. Strengthening Bilateral Relations The negotiations, which took place at the UAE Ministry of Finance offices in Dubai, mark a significant step in fortifying the economic and trade relationship between the two nations. The UAE delegation was led by His Excellency Younis Haji Alkhoori, Undersecretary of the Ministry of Finance, with the participation of Shabana Aman Khan Begum, Executive Director of the Tax Policy Sector. The Russian delegation was headed by His Excellency Alexey Sazanov, Deputy Minister of Finance of the Russian Federation. The talks concluded with the initial signing of the draft agree...