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Russia and the UAE agree to avoid double taxation

Russia and the United Arab Emirates (UAE) have initialed a draft Agreement on the Avoidance of Double Taxation. This landmark decision means that soon, companies and individuals in both countries will no longer need to pay taxes twice—both where income is earned and where the taxpayer is registered.

Russia and the UAE agree to avoid double taxation

Previously, Russian citizens working in the UAE or earning income from businesses there often faced the burden of double taxation. For example, they were required to pay income tax in the UAE, such as the 9% corporate tax, and tax in Russia, including a 13% personal income tax or 20% corporate tax. This effectively meant individuals and businesses were taxed twice, leading to significant financial strain. For businesses, these additional taxes reduced profits and made cross-border cooperation less appealing, limiting the potential for stronger economic ties.

The new agreement introduces several benefits for Russians working or doing business in the UAE. First, it reduces the tax burden by ensuring individuals and companies only pay taxes in one country under the terms of the agreement. Second, it simplifies business operations, making it more profitable for companies to operate in both nations, potentially fostering new projects and creating jobs. Lastly, the agreement is expected to encourage greater UAE investments in Russia and increased Russian business activity in the Emirates, strengthening bilateral economic partnerships.

The agreement is set to be signed and take effect on January 1, 2026. This timeline provides businesses and individuals with ample time to prepare for the changes and adapt their operations to the new regulations.

By reducing tax burdens and promoting economic cooperation, this agreement paves the way for stronger bilateral ties, increased investment and mutual growth opportunities.

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