An Income Tax Treaty (2015) between Venezuela and Saudi Arabia has been ratified by the National Assembly of Venezuela by approving a law on 30th December 2015.
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Saudi Arabia has modified its government procurement policy by introducing an exemption mechanism that allows government entities to contract with foreign companies without a regional headquarters (RHQ) in the Kingdom under specific
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The Saudi Zakat, Tax and Customs Authority (ZATCA) urges individuals to pay their Zakat “voluntary" via “ZAKATY" App for smart phones or via the website (zakaty.zatca.gov.sa) where this Platform provides the ability to calculate the payable
Read More The Saudi Zakat, Tax and Customs Authority (ZATCA) has launched a public consultation on draft economic substance requirements for investors in Saudi Arabia’s special economic zones (SEZs), the authority announced on 18 February 2026. The draft
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Venezuela issued the Reform of the Organic Hydrocarbons Law in Extraordinary Official Gazette No. 6,978, dated 31 January 2026, on 29 January 2026. Key tax reforms are summarised as follows: Integrated hydrocarbons levy A new levy on
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Venezuela has extended a temporary exemption from VAT, customs duty, and other taxes on hydrocarbon fuels under Decree No. 5.207, published in Official Gazette No. 43.292 on 9 January 2026. The decree maintains the tax relief for the definitive
Read More The income tax treaty between Iceland and Saudi Arabia entered into force from 1 January 2025. Signed on 4 December 2024, the agreement aims to prevent double taxation and is expected to encourage trade and investment by addressing tax
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