According to recent reports, the United Arab Emirates has ratified the pending income tax treaty with Hungary. The treaty, signed 30 April 2013, is the first of its kind between the two countries.
Taxes Covered
The treaty covers U.A.E income tax and corporation tax, and Hungarian personal income tax and corporate tax.
Service PE
The treaty includes provisions that a service permanent establishment will be deemed constituted if an enterprise of one State furnishes services in the other…