The income and capital tax treaty between the Maldives and the United Arab Emirates was signed on 17 October 2017. The treaty is the first of its kind between the two countries. Taxes Covered The treaty covers Maldives business profit tax, and UAE 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 State 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...