Tanzania, UAE sign trade deal to remove double taxation

Tanzania's Finance and Planning Minister Mwigulu Nchemba.

Tanzania's Finance and Planning Minister Mwigulu Nchemba. PHOTO | FILE

Tanzania and the United Arab Emirates (UAE) have signed an agreement to remove double taxation hurdles in trade between the two countries.

The Agreement on Avoidance of Double Taxation and Prevention of Fiscal Evasion on Income Taxes was signed in Dubai by Finance ministers Mwigulu Nchemba of Tanzania and Mohamed Bin Hadi Al Hussain of the UAE on Wednesday.