UAE, OECD sign MoU to develop network of cooperation DUBAI, April 5 (KUNA) -- The United ARab Emirates (UAE) and the Organisation for Economic Cooperation and Development (OECD) signed on Thursday a memorandum of understanding (MoU) to develop the network of cooperation between them in the area of tax treaties in the Middle East and North Africa.
The MoU demands the two parties to run a three-year program aimed at gathering all the experiences and expertise of countries in the Middle East and North Africa regions in the area of tax treaties and related issues.
Khalid Al Bustani, Assistant Under Secretary for Revenue and Budget Affairs, signed the agreement for the ministry, while Jeffrey Owens Head of Taxation Policy and Administration - OECD, also signed for his side during a short ceremony held at the Finance Ministry's premises here in Dubai.
The program include a series of forums and scientific activities aimed at increasing awareness on the significance of tax treaties and its role in boosting economic development. The programmes takes-off next autumn with Dubai hosting the first annual forum which would discuss, among other issues, the interpretation, implementation and practising of tax treaties.(end) wa.tg KUNA 051852 Apr 07NNNN