UAE: Finance Ministry Signs Tax Information Agreement with Jebel Ali Free Zone
Type
E-journal
Date
25 Mar 2013
Jurisdiction
United Arab Emirates
Taxonomy
International Tax, Taxes Management
Copyright
LexisNexis
Legal reference
Cabinet Decision No. 17/2012
Analysis
The UAE's Finance Ministry has signed a tax information agreement with the Jebel Ali Free Zone to strengthen cooperation between the two authorities who are both responsible for the exchange of information for tax purposes and ensuring justice for corporate and individual tax payers.
It comes as the UAE looks to implement Cabinet Decision No. 17/2012 and follows an agreement with the Fujirah Free Zone Authority earlier this year.
The agreement was signed for the UAE by the Finance Ministry's Under Secretary, Younis Haji Al Khouri and for the Jebel Ali Free Zone by the CEO of the Economic Zones World, Salma Ali bin Hareb.