The Brazil-United Arab Emirates Joint Committee will gather tomorrow, Sunday, in Abu Dhabi. One of the items on the agenda is negotiation for an agreement to prevent dual taxation in the income tax on business undertakings between the two countries. According to the Brazilian Ministry of Foreign Affairs, both countries are interested in negotiating the document and the issue is already being discussed informally. After the meeting, the issue is expected to be negotiated on a formal basis. Agreements of the type prevent foreign enterprises from having to pay tax on profits earned in the country where it does business, and once again when they remit the earnings back to its headquarters. It is a way to make business less costly and thus attract further international investment. The same logic applies to the earnings of natural persons. Brazil has effective agreements with 30 different countries, though none is Arab, according to the website of the Brazilian Ministry of Finance. According to the Ministry of Foreign Affairs, apart from the anti-dual taxation treaty, the agenda will include cooperation in economy, energy and culture, including the Emirates’ interest in investing in Brazilian infrastructure and oil and gas industry, Brazil’s intention of gaining better knowledge of the Arab country’s experience with sovereign funds, and promoting art shows, film festivals, and music concerts.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor