Tax Treaty between the Slovak Republic and the U.A.E. to Enter into Force

The income tax treaty between the Slovak Republic and the United Arab Emirates will enter into force on 1 April 2017. The treaty, signed 21 December 2015, is the first of its kind between the two countries.

Taxes Covered

The treaty covers Slovak tax on income of individuals and tax on income of legal persons. It covers U.A.E. income tax and corporate tax.

Income from Hydrocarbons

Article 5 (Income from Hydrocarbons) provides that the treaty will not affect the right of either one of the…