Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Download our Media Kit

 





Home / News / News Search
News Search
   

Finance Ministry holds Workshop On Tax Treaty Issues In Dubai
(11 May 2017)

 

The Ministry of Finance, MoF, in collaboration with the Organisation for Economic Cooperation and Development, OECD, recently held a workshop on tax treaty issues and Base Erosion and Profit Shifting, BEPS, at its premises in Dubai.

The workshop was headed by Khalid Ali Al Bustani, Assistant Under-Secretary of International Financial Relations, in the presence of Majid Ali Omran, Director of International Financial Relations Department, officials from MoF, representatives from federal and local entities as well as representatives from entities that have significantly invest in the UAE and abroad.

Speaking on the occasion, Al Bustani said, "The Ministry of Finance complies with international standards and the OECD/G20 BEPS initiative to enhance financial transparency, exchange of information for tax purposes between countries, on a country-by-country basis."

He added, "BEPS issues are of global concern, and require international cooperation to refrain multinational companies from evading their tax obligations in light of differences in systems and policies across countries. The UAE has continued its commitment to implement international systems and policies to meet tax justice and maintain a sustainable fiscal position, while enabling the private sector to manage and grow its investments."

G20 and OECD developed an action plan to implement the necessary measures with regards to BEPS. The plan includes 15 steps to tackle BEPS and counter harmful tax practices more effectively, prevent tax treaties from being used improperly as a basis for tax avoidance, as well as ensure cooperation between countries on exchanging information for tax purposes. Since the first meeting of the inclusive framework to tackle BEPS held in Kyoto in June 2016, 95 countries have signed on the proposed action plan, and a number of countries have implemented the BEPS minimum standards.

Download the Dubai City Guide iPhone mobile app

DubaiCityGuide.com is owned and managed by Cyber Gear


  All fields are mandatory
Your Name
Email
City
Country
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

     
 
email print
4983
 

Sponsored By : PressReleaseNetwork.com           Sponsored Opportunities

       
       
   
       

Daily Guide

 



Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
sitemap
Sitemap
DCG at a glance