Saturday, November 7, 2015

Tax information exchange: Why is it important?

STOCKHOLM – The UAE and Sweden signed an agreement on the exchange of information for tax purposes today in Stockholm, which was the last stop in the week-long tour of Scandinavian countries by a UAE delegation.

The agreement was signed by Obaid Humaid Al Tayer, Minister of State for Financial Affairs, who is heading the UAE delegation on a visit to the Scandinavian countries, and Per Bolund, Swedish Minister for Financial Markets and Consumer Affairs.

Present during the signing were the UAE Ambassador to Sweden, Eashid Sultan Al Kaitoub Al Nuaimi, and a number of Emirati and Swedish officials.

Al Tayer stressed that this visit reflects the UAE government’s commitment to strengthen and expand its trade relations with various countries across the world, especially Scandinavian countries.

He also emphasized the importance of exchanging information for tax purposes in sharing best practices and exchanging expertise, as well as enhancing bilateral co-operation with the Scandinavian countries who top the global competitiveness and transparency rankings.

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