A protocol signed by the two countries in 2018 came into force, eliminating double taxation on income and improving legal security and the business environment.
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In the ABCC forum, the special secretary for Foreign Trade and International Affairs of the Ministry of Economy, Roberto Fendt, talked about the negotiations with Lebanon, Tunisia, and Morocco. According to him, the double taxation treaty with the UAE has just been approved.
The need to simplify Brazilian law in order to bring in further investment from Arab countries was one of the topics in discussion in an online debate on Thursday (20) hosted by business group LIDE RS. Arab Brazilian Chamber of Commerce president Rubens Hannun was a featured guest.
The deal prevents the levying of income tax on returns on direct investments in both the source and target countries, thereby paving the way to increased flows.
