The UAE Ministry of Finance has announced that the United Arab Emirates has been officially removed from the Brazil tax list of jurisdictions with preferential tax regimes, underscoring the UAE’s commitment to international tax transparency and robust global financial governance standards.
This development underscores the UAE’s strong commitment to global standards of tax transparency and international financial governance. The removal from the Brazil tax list reflects the UAE’s ongoing efforts to align its tax framework with internationally recognized best practices.
The decision to delist the UAE from the Brazil tax list also highlights the maturity of economic ties between the two nations. It comes after a sustained technical dialogue and collaboration between the UAE and Brazilian authorities, with dedicated teams working closely to meet Brazil’s tax transparency and investment criteria.
Removal from Brazil Tax List; A diplomatic and economic win
Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, affirmed that removing the UAE from Brazil’s list of jurisdictions with preferential tax regimes reflects the UAE’s unwavering commitment to implementing best practices and international standards in its tax and financial frameworks.
Mohamed bin Hadi Al Hussaini UAE Minister of State for Financial Affairs
“This step is a testament to the success of UAE diplomacy in building partnerships based on transparency and mutual trust. We view this achievement as a launchpad for further strengthening economic cooperation with Brazil and unlocking new opportunities for mutual investment that serve both nations’ ambitions for comprehensive and sustainable economic development. We will continue working to deepen bilateral ties and activate strategic initiatives that benefit the economies and people of both countries.”
The announcement of removal from Brazil tax list marks a pivotal moment in UAE-Brazil relations, highlighting both countries’ shared commitment to fostering a robust economic partnership rooted in tax transparency, sound governance, and support for initiatives that promote sustainable growth and mutual prosperity.
According to the statement, the removal of the UAE from Brazil tax list is expected to further accelerate bilateral cooperation, particularly in priority sectors such as trade and investment. This development supports sustainable development goals and strengthens the UAE’s position as a global business hub.
Notably, the UAE stands as the top destination for Brazilian exports among Arab nations, with bilateral trade surpassing $4.3 billion in 2024. Brazil is also the UAE’s largest trading partner in South America. Both countries remain committed to deepening economic ties by exploring all avenues of cooperation and shared opportunities.
