UAE and Russia Conclude Double Taxation Agreement Negotiations

by Anna Fischer

Published 11 Mar 2025

The Ministry of Finance of the United Arab Emirates has finalized negotiations with the Russian Federation regarding a Double Taxation Avoidance Agreement (DTAA) on income and capital.^[?] The agreement was initially signed during discussions held at the Ministry's Dubai offices.

Source: mof.gov.ae

The new tax framework aims to eliminate double taxation for individuals and businesses while creating a stable environment for cross-border investments. This development marks a significant step in strengthening economic cooperation between the two nations and establishing clear guidelines for taxpayers operating in both jurisdictions.

These negotiations are part of a series of efforts aimed at enhancing the investment environment and removing tax obstacles for individuals and businesses in both countries. This agreement will provide a clear and stable legal framework that supports investors and stimulates trade exchange.

Younis Haji AlKhoori

Undersecretary of the Ministry of Finance

The agreement encompasses several key benefits, including:

Prevention of double taxation and tax evasion

Enhanced protection for cross-border investments

Streamlined framework for business operations

Facilitated exchange of expertise and technologies

Promotion of sustainable trade relations

The negotiation teams were led by UAE's Ministry of Finance Undersecretary, Younis Haji Al Khoori, and Russian Deputy Minister of Finance, Alexey Sazanov. The agreement represents an important addition to the UAE's growing network of international tax treaties, supporting its position as a global business hub.

This tax framework is expected to facilitate increased economic cooperation between the UAE and Russia while addressing modern challenges in international trade and investment flows. The agreement will take effect following cthe ompletion of necessary legal procedures in both countries.

Anna Fischer

Construction Content Writer

Anna has background in IT companies and has written numerous articles on technology topics. Now, building up her expertise in construction and legal regulations, Anna expands the horizons of our blog and delights her readers with insightful articles.

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