UAE has inked an agreement with Finland for exchange of tax-related information between the two countries.
The two countries are associated by a joint committee based on economic, industrial and technical cooperation.
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Earlier in 1996, the duo signed agreements for the avoidance of double taxation on income, as well as for safeguarding and boosting investments.
UAE ministry of finance undersecretary Younis Haji Al Khoori said: "The Ministry of Finance is committed to implementing the highest standards of economic transparency and exchange of information for tax purposes; whereby these agreements provide a legal framework for tax authorities to prevent any sovereignty violations of other countries. This will contribute in attracting foreign investments, achieving stability and global economic prosperity."
"These signed agreements aimed to strengthen both countries’ economic and investment relations, specifically in terms of trade exchange growth between the two countries," Al Khoori added.
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