Saudi Arabia and Hungary signed a double taxation agreement (DTA) on 24 March 2014. No further details of the agreement are currently available.
Related Posts

Croatia: Government approves tax treaty with Saudi Arabia
Croatia’s government has approved a draft bill for the ratification of the Croatia-Saudi Arabia Income and Capital Tax Treaty (2024) on 2 May 2025. The proposed legislation has now been forwarded to the Croatian parliament for further review
Read More
Saudi Arabia: ZATCA urges taxpayers to utilise fine exemption initiative again
The Saudi Zakat, Tax and Customs Authority (ZATCA) has urged all taxpayers to leverage from the “Cancellation of Fines and Exemption of Penalties Initiative" which ends on 30 June 2025. ZATCA has clarified that the fines covered by the
Read More
Brazil, Saudi Arabia negotiate first tax and investment deals
Brazil and Saudi Arabia are negotiating their first-ever income tax treaty and an investment protection agreement (IPA), according to a recent update from the Brazilian Senate. The proposed agreements aim to prevent double taxation and encourage
Read More
Saudi Arabia imposes 10% tax on undeveloped land to boost construction
Saudi Arabia has raised the annual fee on unused land from 2.5% to as much as 10% of the property's value, following Cabinet-approved reforms to the White Land Tax Law. The changes, enacted on 29 April 2025, represent the largest update to the law
Read More
Bahrain ratifies IPA with Hungary
Bahrain has completed the ratification of the Bahrain-Hungary Investment Protection Agreement (2024) through Law No. 19 of 2025, effective as of 23 April 2025. Investment Promotion Agreements (IPAs) commit national governments to reduce
Read More
Saudi Arabia approves signing of tax treaties with Bahrain, Croatia, Kuwait
The Saudi Arabian Council of Ministers approved the signing of an income tax treaty with Bahrain and the approval of tax treaties with Croatia and Kuwait on 22 April 2025. The treaty with Bahrain aims to address double taxation and promote
Read More