On December 8, 2024, the Double Taxation Avoidance Agreement (DTA) between Greece and the United Arab Emirates expired despite initial rumors of its extension.
During the implementation of the above agreement, reduced withholding tax rates of 5% on the gross amount of dividends, interest and royalties applied to all payments originating from Greece to tax residents in the United Arab Emirates.
Now, the same above payments will be subject to tax according to the applicable Greek tax rates, namely 5% for dividends, 15% for interest and 20% for royalties.
Therefore, individuals and legal entities that fall under the provisions of the DTA should reconsider the structure of their investments with the United Arab Emirates.
With extensive expertise in tax law and cross-border investments, our law office is well-equipped to guide clients through the complexities of tax-efficient investment structuring from the United Arab Emirates. We stay at the forefront of regulatory developments to provide tailored, compliant solutions that align with your financial objectives. Whether you seek to optimize tax exposure, ensure regulatory adherence, or explore new investment opportunities, our team is ready to deliver strategic and innovative approaches. Contact us today to discuss how we can support your unique needs in this evolving landscape.
Theodoros Makris (teo@makrispartners.com)
