Officials from Russia and the United Arab Emirates are reportedly planning to conclude negotiations for a new income and capital tax treaty in October 2023. The treaty will be the first full tax treaty between the two countries and must be finalized, signed, and ratified before entering into force. Currently, the two countries have a limited income tax treaty in force that was signed in 2011 and generally only applies with respect to income/gains derived by a Contracting State or its financia…