According to recent reports, the United Arab Emirates has ratified the pending income tax treaty with Japan. The treaty, signed 2 May 2013, is the first of its kind between the two countries. Taxes Covered The treaty covers U.A.E income tax and corporation tax, and Japanese income tax, corporation tax, special income tax for reconstruction, special corporation tax for reconstruction and local inhabitant tax. Withholding Tax Rates Dividends - 5% if the beneficial owner is a company directly or indirectly holding at least 10% of the paying company's voting shares for a period of at least 6 months ending the...