Officials from Equatorial Guinea and the United Arab Emirates signed an income tax treaty on 19 October 2016. The treaty is the first of its kind between the two countries.
Taxes Covered
The treaty covers the income tax and the corporate tax of both Contracting States.
Income from Hydrocarbons
Article 3 (Income from Hydrocarbons) provides that the treaty will not affect the right of either one of the Contracting States to apply their domestic laws and regulations related to the taxation…