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Update - Tax Treaty between Jersey and the U.A.E

18 May 2016

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Treaty Development

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Jersey-Untd A Emirates

The income tax treaty between Jersey and the United Arab Emirates was signed on 20 April 2016. The treaty is the first of its kind between the two jurisdictions. Taxes Covered The treaty covers Jersey income tax, and U.A.E income tax and corporate tax. Income from Hydrocarbons Article 3 (Income from Hydrocarbons) includes the provision that the treaty will not affect the right of either Contracting Party to apply their domestic laws and regulations related to the taxation of income and profits derived from hydrocarbons and its associated activities situated in the territory of the respective Contracting Party. Service PE...