UAE and Austria sign agreement on avoidance of double taxation

UAE and Austria sign agreement on avoidance of double taxation

UAE and Austria sign agreement on avoidance of double taxation

7 hours ago

Obaid Humaid Al Tayer and Gernot Bluemel during the signing ceremony in Abu Dhabi on Thursday.

As part of its endeavours to strengthen cooperation frameworks in tax matters, protect taxpayers from double taxation, and avoid impeding the flow of trade and investment, the Ministry of Finance (MoF) signed a protocol to amend the agreement for the Avoidance of Double Taxation and Prevention of Tax Evasion with respect to taxes on income with Austria. The agreement was previously signed between the UAE Government and Austria in September 2003.

Obaid Humaid Al Tayer, Minister of State for Financial Affairs, signed the agreement on behalf of the UAE, while Austrian Finance Minister Gernot Bluemel, signed it on behalf of Austria. The signing took place on Thursday, in the presence of Dr Andreas Liebmann, Ambassador of the Republic of Austria to the United Arab Emirates; Abdullah Ahmed Al Obaidly, Director of Relations and International Financial Organisations at MoF; and officials from both parties.

Obaid Al Tayer stressed on the importance of consolidating the financial, economic and investment relations between the UAE and Austria, in order to support the common interests of both countries. His Excellency