According to an update from the UAE Ministry of Finance, the income tax treaty with Zambia entered into force on 13 January 2023. The treaty, signed 7 February 2020, is the first of its kind between the two countries.
Taxes Covered
The treaty covers UAE income tax and corporate tax and covers Zambian income tax.
Income from Hydrocarbons
Article 3 (Income from Hydrocarbons) includes the provisions that, notwithstanding any other provision of the treaty, nothing shall affect the right of…