The Agreement was signed in Abu Dhabi on December 7, 2011.
It is designed to avoid double taxation of income from investment, loans and real estate.
The agreement’s terms apply to Russian profit tax on organisations and to the nominal company and income taxes in the United Arab Emirates, including provincial income tax collected by each of the individual emirates.
Under the agreement’s provisions, tax preferences can be refused if the agreement’s terms are being used in unlawful aims. The agreement also sets out the procedures for exchanging tax information between the two countries’ tax authorities.