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Cabinet Approves Double Taxation Agreement Between UAE and Jamaica
UAE- May 25, 2021:
Cabinet has given approval for the Double Taxation Agreement between the United Arab Emirates (UAE) and Jamaica. This would eliminate double taxation with respect to taxes on income and the prevention of tax evasion and avoidance.
Jamaica Minister of Education, Youth and Information, Hon. Fayval Williams disclosed the update on May 19 during the post-cabinet press briefing at Jamaica House in St. Andrew.
She said the general objectives of the bilateral tax agreement are to provide full protection of taxpayers against double taxation and to allow for the free flow of international trade or cross-border transactions and the transfer of technology. It will prevent discrimination between taxpayers in the international field and provide a reasonable element of legal and fiscal certainty as a framework within which international operations could be pursued. She noted that the agreement fosters cooperation between the tax authorities in the UAE and Jamaica, enabling them to execute their duties more effectively.
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