The new income tax treaty between Romania and the United Arab Emirates entered into force on 11 December 2016. The treaty, signed 4 May 2015, replaces the 1993 tax treaty between the two countries. Taxes Covered The treaty covers Romanian tax on income and tax on profit and covers U.A.E. income tax and corporation tax. Withholding Tax Rates Dividends - 3% Interest - 3% Royalties- 3% Limitation on Benefits The provisions of Articles 10 (Dividends), 11 (Interest), and 12 (Royalties) will not apply if the main purpose or one of the main purposes of any person concerned with the creation...