https://www.taxtmi.com/acts?id=45402 Article 29 of the UAE DTAA is replaced by paragraph 1 of Article 7 of the MLI: a resident entity is not entitled to treaty benefits if the main purpose, or one of the main purposes, of its creation was to obtain benefits under the Agreement that would not otherwise be available, including entities lacking bona fide business activities; Article 7 applies a Principal Purposes Test denying benefits where obtaining the benefit was one of the principal purposes of arrangements or transactions, unless granting the benefit aligns with the object and purpose of the relevant provisions. en-us Fri, 18 Oct 2024 13:05:29 +0530 Fri, 18 Oct 2024 13:05:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45402 Article 29 of the UAE DTAA is replaced by paragraph 1 of Article 7 of the MLI: a resident entity is not entitled to treaty benefits if the main purpose, or one of the main purposes, of its creation was to obtain benefits under the Agreement that would not otherwise be available, including entities lacking bona fide business activities; Article 7 applies a Principal Purposes Test denying benefits where obtaining the benefit was one of the principal purposes of arrangements or transactions, unless granting the benefit aligns with the object and purpose of the relevant provisions. Act-Rules DTAA Fri, 18 Oct 2024 13:05:29 +0530 https://www.taxtmi.com/acts?id=45402