OrbitaxTax Treaty between Hong Kong and Saudi Arabia Signed
|Treaty Development|Hong Kong-Saudi Arabia
On 24 August 2017, officials from Hong Kong and Saudi Arabia signed an income tax treaty. The treaty is the first of its kind between the two jurisdictions.
Taxes Covered
The treaty covers Hong Kong profits tax, salaries tax, and property tax. It covers Saudi Zakat and income tax, including the natural gas investment tax.
Service PE
The treaty includes the provision that a permanent estab…
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