UAE approves Seychelles-UAE DTA
A bilateral Double Taxation Avoidance Agreement between the Seychelles and the United Arabs Emirates signed on September 19, 2006 was approved by the UAE. On November 12, 2006, at its weekly meeting, the UAE Cabinet discussed numerous issues which included a number of laws, and drafts and memoranda submitted by the ministers. The Double Tax Treaty with the Seychelles was one of the most important issues on the agenda.
As a result of the meeting, the cabinet of the United Arabs Emirates approved an agreement on avoidance of double taxation signed with the Seychelles that is supposed to strengthen the existing good economic relationship between the two countries.
Besides the DTA with the Seychelles, bilateral agreements signed with the United Kingdom, France and Northern Ireland were also approved.