Tax Treaty between Saint Vincent and the Grenadines and the UAE in Force

According to a recent update from the UAE Ministry of Finance, the income and capital tax treaty between Saint Vincent and the Grenadines and the United Arab Emirates entered into force on 3 March 2020. The treaty, signed 26 November 2018, is the first of its kind between the two countries.

Taxes Covered

The treaty covers Saint Vincent and the Grenadines personal income tax, corporate income tax, and PAYE. It covers UAE income tax and corporate tax.

Income from Hydrocarbons

Article 3 (I…