UAE, Egypt sign protocol to enhance investment cooperation

Egypt and the United Arab Emirates (UAE) have inked a complementary protocol to mitigate double taxation and combat income tax evasion. 

 

The protocol was signed today on the sidelines of the eighth Annual Arab Fiscal Forum, underscores the commitment of both nations to bolster opportunities across various sectors. 

 

Egypt's Minister of Finance, Mohamed Maait, emphasized the significance of the agreement against the backdrop of global challenges, stressing the need for coordinated Arab efforts to address the negative impacts on supply and import chains. 

 

Maait reiterated Egypt's dedication to facilitating investment and overcoming tax and customs barriers that may hinder UAE investors and companies operating in Egypt, with the aim of expanding their business activities and enhancing trade exchange between the two countries.