UAE holds second round of negotiations with Russia on agreement for avoidance of double taxation

UAE holds second round of negotiations with Russia on agreement for avoidance of double taxation

DUBAI, 12th June, 2023 (WAM) – The UAE, represented by the Ministry of Finance, held the second round of negotiations on the double taxation agreement on income and capital between the UAE and the Russian Federation. The negotiations follow the ministry’s efforts to further strengthen cooperation frameworks for tax matters, provide full protection to taxpayers from double taxation and avoid the obstruction of the free flow of trade and investment. The meeting was held at the ministry’s headquarters in Dubai.

On the sidelines of the meeting, Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, met with Alexey Sazanov, State Secretary, Deputy Minister of Finance of the Russian Federation, and His Excellency Timur Zabirov, Ambassador of the Russian Federation to the UAE to discuss partnership efforts to further enhance cooperation, growth and development between the UAE and Russia in areas of mutual interest.

During the meeting, Al Husseini reaffirmed the UAE’s commitment to growing its friendly relations and cooperative efforts with the Russian Federation, particularly in areas of common interest across critical sectors and in a manner that serves the interests both countries. He added: "We reiterate the importance of coordination and constructive dialogue with the Russian Federation to strengthen