Saudi Arabia issues new Ministerial Resolution amending tax by-laws
Saudi Arabia issued Ministerial Resolution No 1776 on 19 March 2014 to give effect to changes in some of the implementing regulations of the tax law. The resolution is effective from the date of issue and will apply to all tax cases including those
See MoreSaudi Arabia Authorizes Signature of Tax Treaties with Kosovo and Venezuela
On March 24, 2014, Saudi Arabia gave permission to the Finance Ministry to go ahead with the signature of draft income tax treaties with Kosovo and Venezuela. No further details of these treaties are currently
See MoreTreaty between Saudi Arabia and Luxembourg approved by Saudi Arabia
Saudi Arabia approved the double taxation agreement with Luxembourg on 31 March
See MoreTreaty between Ethiopia and Saudi Arabia approved by Saudi Arabia
Saudi Arabia approved the double tax with Ethiopia on 31 March 2014. The treaty will enter into force when the appropriate ratification procedures have been completed in both
See MoreSaudi Arabia and Hungary sign a DTA
Saudi Arabia and Hungary signed a double taxation agreement (DTA) on 24 March 2014. No further details of the agreement are currently
See MoreSaudi Arabia –Signed the Multilateral Convention of OECD
The government of Saudi Arabia has signed the Multilateral Convention of OECD on Mutual Administrative Assistance in Tax Matters. This would provide spontaneous exchange of information, simultaneous tax examinations, and assistance in tax collection
See MoreIncome and capital tax treaty between Saudi Arabia and Luxembourg
The income and capital tax treaty between Saudi Arabia and Luxembourg was signed on 7 May 2013. The text of the treaty has become available now. The treaty will now undergo with some ratification procedures. The new treaty is expecting to become
See MoreSaudi Arabia – Procedures to claim reduced withholding tax rates under tax treaties
The tax authority of Saudi Arabia has issued guidance- Circular No. 5068/16/1434 about the procedure of claiming reduced withholding tax rates under double tax treaty conventions of Saudi Arabia. According to the guidance an entity of Saudi Arabia
See MoreIncome and Capital Tax Treaty between Saudi Arabia and Ukraine
To build tax cooperation, Saudi Arabia and Ukraine signed an Income and Capital Tax Treaty on 2 September 2011 which enters into force on 1 December 2012. The treaty will be effective from 1 January 2013. According to the treaty the default tax
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