On 30 October 2016, the United Arab Emirates Cabinet approved the pending income tax treaty with Slovakia. The treaty, signed 21 December 2015, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Slovak tax on income of individuals and tax on income of legal persons. It covers U.A.E. income tax and corporate tax.
Income from Hydrocarbons
Article 5 (Income from Hydrocarbons) includes the provision that the treaty will not affect the right of either one of …