UAE and Israel Sign Tax Treaty
By EsqSocial Corporation 07/06/21
On Monday, 31 May 2021, the UAE and Israel signed a tax treaty in order to boost economic cooperation. It is expected that, following ratification later this year, the treaty will come into effect on 1 January 2022. The move comes following: (i) the peace deal between Israel and the UAE in August 2020, normalising diplomatic relations for the first time since the creation of Israel; and (ii) the UAE Ministry of Finance announcing last October that a preliminary agreement with Israel to avoid...
By: Bracewell LLP