UAE, 01 July, 2025 : By the end of 2024, the UAE signed 146 agreements to avoid double taxation, reinforcing its global trade and investment position. The update was shared by Sheikh Maktoum bin Mohammed, First Deputy Ruler of Dubai and Minister of Finance, as he reviewed the Ministry of Finance’s 2024 annual report.
Double Taxation Agreements (DTAs) prevent individuals and businesses from being taxed twice on the same income across borders. These agreements benefit UAE-based public and private firms, investment entities, and residents by reducing tax burdens and enhancing cross-border economic activity.
In addition, the ministry approved 116 investment protection agreements, launched 14 Islamic Treasury Sukuk auctions raising AED 17.1 billion, and continued work on digital transformation and sustainable fiscal policy. The UAE's total outstanding domestic public debt stood at AED 23.45 billion by year-end.
The Ministry reaffirmed its commitment to building an integrated, diversified economy through progressive financial policies and international cooperation.
Source: www.thenationalnews.com
