UAE, Kenya sign pact on avoiding double taxation
November 23rd, 2011 - 12:29 am ICT by IANSAbu Dhabi, Nov 22 (IANS/WAM) The UAE and Kenya have signed an agreement on avoiding double taxation.
The agreement was signed by UAE Minister of State for Financial Affairs Obaid Humaid Al-Tayer and Kenyan Deputy Prime Minister and Minister of Finance Uhuru Kenyatta.
UAE’s national carriers, including Emirates Airline, Etihad Airways and Air Arabia, will be exempted from taxes in Kenya, according to the agreement. Students and staff members of the airlines are also exempted from taxes.
Tax on dividends of the private sector were reduced by Kenya from 20 percent to 5 percent. The agreement also provides for exchange of data, avoidance of discrimination on tax and amicable resolution of conflicts.
–IANS/WAM
snb/vm
- UAE to host debt management conference - May 09, 2011
- UAE to attend World Bank-IMF meeting - Sep 22, 2011
- Seminar discusses UAE-Italy double taxation - Nov 28, 2010
- Emirates launches flights to Vietnam - Jan 05, 2012
- UAE holds bilateral talks with Iran, Italy - Jun 28, 2011
- UAE's finance ministry hosts Iftar - Aug 18, 2011
- Etihad launches flights to Nairobi - Apr 03, 2012
- UAE, Chinese airlines sign cooperation agreement - Mar 23, 2012
- UAE officials meet foreign leaders - Feb 27, 2012
- Pact inked on developing Palestine's infrastructure - Oct 14, 2010
- UAE, Cote d'Ivoire sign air services agreement - Dec 07, 2011
- UAE to host Gulf financial and economic integration forum - Oct 21, 2011
- Etihad starts codeshare flights with Chinese carrier - Mar 02, 2012
- UAE, Sweden eyes close energy ties - Oct 24, 2011
- Etihad signs $1 bn deal with aviation tech firm - Dec 21, 2011
Tags: abu dhabi, air arabia, al tayer, amicable resolution, avoidance, deputy prime minister, double taxation, emirates airline, etihad airways, financial affairs, minister of finance, minister of state, national carriers, private sector, resolution of conflicts, sign pact, snb, staff members, tax on dividends, uhuru kenyatta