According to a recent update from the UAE Ministry of Finance, the income tax treaty between Paraguay and the United Arab Emirates entered into force on 20 January 2019. The treaty, signed 16 January 2017, is the first of its kind between the two countries. Taxes Covered The treaty covers Paraguayan individual income tax, corporation tax, income tax on agricultural business, and income tax on small business. It 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...