The annexed agreement between the Government of the United Arab Emirates and the Government of the Republic of India on the prevention of double taxation and the prevention of tax evasion in income and capital taxation came into force on 22 September 1993, after the two States Parties notified each other of the conclusion of the procedure provided for by the laws of entry into force of this agreement in accordance with the provisions of paragraph 1 of the Article 30 of that convention. In order to promote mutual economic relations through an agreement to avoid double taxation and prevent tax evasion on income and capital taxes, the United Arab Emirates has concluded about 100 double taxation agreements covering most of its trading partners. 5. In this article, „taxation“ refers to the taxes that are the subject of this agreement. 3. The competent authorities of the contracting states try to resolve by mutual agreement any difficulty or doubt about the interpretation or application of the convention. Where it is desirable to reach agreement on an oral exchange of views, such an exchange of views may take place by a committee composed of representatives of the competent authorities of the contracting states. They can also agree on the elimination of double taxation in cases under the convention. 3.

The provisions of this section should not be construed as requiring a contracting state to grant residents of the other contracting state personal allowances, tax breaks and reductions because of marital status or family obligations granted to its own residents. 2. The competent authority endeavours to resolve the matter by mutual agreement with the competent authority of the other contracting State where the objection appears to be well founded and is unable to find an appropriate solution to resolve the matter by mutual agreement with the competent authority of the other contracting State, in order to avoid taxation that is not in accordance with the agreement. Any agreement reached will be transposed into the national legislation of the States Parties, regardless of the possible time frame. The United Arab Emirates has not yet signed a double taxation agreement with the United States of America, but the two countries maintain close economic relations based on bilateral investment agreements. The reason why the two states have not yet entered into a double taxation agreement is that in the FREE zones of the UAE, where full foreign ownership of companies is permitted, personal income and corporate taxes are not collected. Dubai is one of the UAE that has not withheld taxes on income collected by foreign investors. Dubai, however, has signed several double taxation agreements to become more attractive to foreign companies. The UAE`s double taxation conventions aim to reduce withholding tax from the countries of origin of foreign companies operating in the UAE.

e. the term „person“ refers to a natural person, a corporation and any other entity considered a taxable entity under the tax legislation in force in the relevant contracting states; There are other double taxation conventions that have come into force recently. These include the United Kingdom (in force on 25 December 2016), South Africa and Romania (January 1, 2017).