President El-Sisi Approves Protocol to Avoid Double Taxation Agreement with the UAE

 Double Taxation Avoidance Agreement

President El-Sisi Approves Protocol to Avoid Double Taxation Agreement with the UAE

President Abdel Fattah El-Sisi issued Presidential Decree No. 211 of 2025 approving an additional protocol to the agreement between the Government of Egypt and the Government of the United Arab Emirates on the avoidance of double taxation and the prevention of tax evasion with respect to income taxes. This decree was published in the Official Gazette in its issue today, Thursday.

The House of Representatives approved this decree last June. The Planning and Budget Committee's report stated that the agreement stipulates the accreditation of the Abu Dhabi Development Holding Company and the Egypt Sovereign Fund for Investment and Development as government institutions. 

Pursuant to this accreditation, these two institutions will benefit from the tax exemptions stipulated in the agreement to avoid double taxation and prevent tax evasion with respect to income taxes, which was concluded in Abu Dhabi on November 14, 2019. Presidential Decree No. 558 of 2020 approved the agreement and published in the Official Gazette.

Protocol (2) is considered a supplement to the original agreement, and its texts are considered an integral part thereof. The protocol includes an expanded definition of the term “government” for the purposes of applying the provisions of paragraph 2 of Article Twenty-Four (income accruing to the government and its affiliated entities).