According to a recent update from the UAE Ministry of Finance, the amending protocol to the 1998 tax treaty between Turkmenistan and the UAE entered into force on 5 February 2019. The protocol, signed 15 March 2018, is the first to amend the treaty and includes the following changes:
- Article 2 (Taxes Covered) is updated in regard to the Turkmen taxes covered, which include tax on profits (income) of juridical persons, tax on income of individuals, and property tax;
- Article 3 (General Definit…