MoF concludes training workshop on current interpretation of tax agreements and application barriers
- United Arab Emirates: Thursday, December 13 - 2012 at 17:12
- PRESS RELEASE
In line with its commitment to enhancing the knowledge on tax treaties in the Middle East and North Africa (MENA) region and recognising the importance of exchanging expertise, the Ministry of Finance (MoF), represented by the Regional and International Financial Relations Department, in cooperation and coordination with the Organization for Economic Co-operation and Development (OECD) held a workshop in Dubai yesterday under the title 'The Current Interpretation of Tax Agreements and Application Barriers'.
The three days workshop was attended by Yousuf Mohammed bin Hajar, Deputy Director of Regional and International Financial Relations Department, Dr. Hamid Nasr, Economist at MoF, and 50 local and regional parties that included representatives from all countries in the MENA, as well as representatives from the UAE Ministry of Foreign Affairs, Abu Dhabi Investment Authority, Etihad Airways, Emirates Airline and Ernst & Young.
The workshop's main axes reviewed a range of current tax treaties applications that are approved at an international level in addition to discussing some practical, political and administrative issues on taxation of services provided to non-residents.
Moreover, a discussion was held between participants to conduct detailed deliberations on the changes that may occur to the terms of the agreements, and what difference the agreements will make once adopted and applied.
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