According to an update from the UAE Ministry of Finance, the income tax treaty with Ecuador entered into force on 1 August 2021. The treaty, signed 9 November 2016, is the first of its kind between the two countries. Taxes Covered The treaty covers Ecuador income tax on individuals and on societies and similar entities and covers UAE income tax and corporate tax. Income from Hydrocarbons Article 3 (Income from Hydrocarbons) provides that the treaty will not affect the right of either one of the Contracting States to apply their domestic laws and regulations related to the taxation of income...