The income tax treaty between Paraguay and the United Arab Emirates was signed on 16 January 2017. The treaty is the first of its kind between the two countries.
Taxes Covered
The treaty covers Paraguayan individual income tax, corporation tax, income tax on agricultural business, and income tax on small business. It covers U.A.E. income tax and corporate tax.
Income from Hydrocarbons
Article 3 (Income from Hydrocarbons) provides that the treaty will not affect the right of either one o…