• Home
• /
• Business

Workshop on double taxation in Dubai

ABU DHABI — Middle East, and North Africa (MENA) countries and the Organisation for Economic Cooperation and Development (OECD) will discuss issues relating to agreements of avoidance of double taxation at a conference to be held in Dubai today.

The event is being organised by the UAE Ministry of Finance and Industry (MoFI) in conjunction with the Organisation for Economic Cooperation and Development (OECD).

The event will be the first under the Memorandum of Understanding signed between the MoFI and OECD for establishing a three-year regional dialogue on the negotiation and application of tax treaties in the Middle East and North Africa (MENA).

Representatives from 13 countries in the region along with a number of experts and negotiators will attend the workshop which aims to raise standard of awareness about the significance of tax agreements and their contribution to boosting economic development.

Dr Mohammed Khalfan bin Kharbash, Minister of State for Financial and Industrial Affairs, said the UAE was among the first countries in MENA which had realised and understood the vital importance of tax treaties as one of the key factors for striking economic balance with trade partners.