The income tax treaty between Barbados and the United Arab Emirates reportedly entered into force on 18 February 2016. The treaty, signed 22 September 2014, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Barbados income tax, corporation tax, and the petroleum winning operations tax. It covers UAE income tax and corporate tax.
Income from Hydrocarbons
Article 3 (Income from Hydrocarbons) provides that the treaty will not affect the right of either Con…