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UAE, Tanzania sign double tax avoidance deal

The Emirates is also pursuing renewable energy projects in the southern African country.
Vice President of the United Arab Emirates and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum (C) attends the opening of the Global Business Forum on Africa, Dubai, United Arab Emirates, Nov. 1, 2017.

The United Arab Emirates (UAE) and Tanzania signed an agreement today on double taxation. 

The deal relates to preventing double taxation as well as tax evasion. It seeks to strengthen tax cooperation between the UAE and the southern African country and “avoid impeding the flow of trade and investment,” the Emirati Ministry of Finance said in a statement. 

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