The income tax treaty between Botswana and the United Arab Emirates was signed on 12 October 2018. The treaty is the first of its kind between the two countries.
Taxes Covered
The treaty covers Botswana income tax and capital gains tax charged under the Income Tax Act and covers UAE income tax and corporate tax.
Income from Hydrocarbons
Article 3 (Income from Hydrocarbons and Mineral Resources) provides that, notwithstanding any other provision of the treaty, nothing shall affect the ri…