EU removes UAE from tax-haven list

Abu Dhabi / WAM

The Ministry of Finance has welcomed the European Union’s decision to remove the UAE from its list of uncooperative tax havens, in recognition of the transparent procedures the State has been adhering to, and will continue to do so, locally and internationally.
Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance, said, “The European Union’s decision reaffirms the UAE’s full and solid commitment to transparency in tax procedures, and reflects the meticulous local and international efforts made by all stakeholders in the Emirates since the beginning of 2017 to cooperate with our European counterparts and adhere to the EU’s standards and requirements regarding the exchange of tax information.”
“By virtue of our commitment to the highest standards and best international practices,” Al Khoori continued, “the UAE has made significant advancements in terms of global competitiveness.”