Russia and the UAE Initialed the Draft Agreement on Avoiding Double Taxation
Russia and the United Arab Emirates (UAE) have preliminarily agreed on a draft of a new agreement to avoid double taxation on income and capital, as well as to prevent tax evasion.
The Russian Ministry of Finance reported that the final round of negotiations between the delegations of the finance ministries of Russia and the UAE on the preparation of the agreement had concluded in Dubai. It is reported that the tax rates on dividends, interest, and royalties under the agreement will be 10%.
The agreement will apply to state-owned companies and entities, as well as private businesses and individuals. Both parties agreed to sign the agreement as soon as possible and assured each other that all necessary efforts would be made to ensure its entry into force on January 1, 2026.
