Private companies and individuals have long been unable to access benefits typically offered by international tax treaties ― the existing DTT signed with the UAE in 2011 applies only to government entities and sovereign wealth funds.
However, the development and strengthening of economic ties between Russia and the UAE gave rise to concerns regarding the revision of the DTT.
The negotiations were not easy, but successful.
A new treaty was signed on 17 February 2025.
It is expected to enter into force on 1 January 2026, provided that all necessary formalities, including the exchange of diplomatic notes, are completed in 2025.
The new DTT will apply to all tax residents of the UAE and Russia.
Let's explore its key provisions.
However, the development and strengthening of economic ties between Russia and the UAE gave rise to concerns regarding the revision of the DTT.
The negotiations were not easy, but successful.
A new treaty was signed on 17 February 2025.
It is expected to enter into force on 1 January 2026, provided that all necessary formalities, including the exchange of diplomatic notes, are completed in 2025.
The new DTT will apply to all tax residents of the UAE and Russia.
Let's explore its key provisions.