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Kyrgyzstan Approves Tax Treaty with the U.A.E

24 June 2015

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Treaty Development

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Kyrgyzstan-Untd A Emirates

On 17 June 2015, the Kyrgyz Supreme Council approved for ratification the pending income tax treaty with the United Arab Emirates. The treaty, signed 7 December 2014, is the first of its kind between the two countries. Taxes Covered The treaty covers Kyrgyz tax on profits and income of legal persons and individual income tax, and covers U.A.E income tax and corporate tax. Withholding Tax Rates Dividends - 0% Interest - 0% Royalties - 5% Capital Gains The following capital gains derived by a resident of one Contracting State may be taxed by the other State: Gains from the alienation...