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UAE approves anti-tax evasion agreements with Sudan, Belarus

Other measures approved by UAE Cabinet include restructuring of Industrial Coordination Council, double tax-avoidance deals

The UAE is investing in economic growth.
Time Out Dubai
The UAE is investing in economic growth.

The UAE Cabinet has revealed measures to implement the directives issued by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on the occasion of the Islamic New Year.

As part of efforts to implement Sheikh Mohammed’s directives – which included priorities such as improved Emiratisation efforts, greater societal cohesion, and adding value to the national economy – the UAE Cabinet approved the restructuring of Industrial Coordination Council under the chairmanship of the Minister of Energy and Industry.

The decision is planned to “take advantage of the successful expertise of national companies in this sector, and involve various sectors in the country to set up related strategies and industrial potential”, UAE state news agency, Wam, reported.

Separately, the UAE Cabinet approved a protocol to amend an agreement between UAE Government and Government of the Republic of Belarus that covers the avoidance of double taxation and prevention of tax evasion on income and real estate.

Two other agreements with South Sudan were approved by the UAE Government on the avoidance of double taxation and prevention of tax evasion on income and another agreement on investment.  

Decisions were issued in the area of public health, and a separate meeting will be organised to discuss Emiratisation – one of Sheikh Mohammed’s priorities for the new season – it was agreed by the cabinet during a meeting at Al Watan Palace in Abu Dhabi on 1 September, 2019. 

Other measures approved by the UAE Cabinet included instructing National Media Council to control social media sites, and ordering Government Communication Office of General Secretariat of the Cabinet to monitor live news and social media feeds, ensuring that federal authorities responded to enquiries and grievances of citizens.

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Construction Week - Issue 749
Sep 15, 2019