Saudi Arabia- Initiating Income and Capital tax treaty with Latvia

Canada and Saudi Arabia have launched negotiations on a bilateral income tax treaty, following an announcement by the Canadian Prime Minister's Office on 9 July 2026. This initiative was announced as part of a broader economic strategy to unlock

Saudi Arabia’s Zakat, Tax and Customs Authority (ZATCA) has announced on 29 June 2026  the Minister of Finance’s decision to extend the "Cancellation of Fines and Exemption of Financial Penalties Initiative" for taxpayers subject to all tax

Bahrain issued Law (32) of 2026 on 14 June 2026, approving the ratification of the income tax treaty with Saudi Arabia. Signed on 3 December 2025, the provisions of the agreement apply to Bahrain corporate income tax as well as Saudi Zakat and

Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA), on 21 June 2026, reminded VAT-registered businesses with revenues from goods and services exceeding SAR 40 million to submit their VAT returns for May 2026 by 30 June 2026. ZATCA urged

Saudi Arabia’s Council of Ministers has approved amendments to the GCC Unified VAT Agreement on covering cross-border supplies within the Gulf, VAT recovery mechanisms, import VAT collection, and the sharing of tax information between member state

Officials from Latvia and San Marino have initialled an income tax treaty following concluded negotiations, which was initialled on 14 May 2026. It requires formal signature and ratification to become effective. The development was confirmed by