The income tax treaty between Kazakhstan and Saudi Arabia was signed 7 June 2011. It is the first of its kind between the two countries.
The treaty covers Kazakhstan corporate income tax and individual income tax. It covers Saudi Zakat and income tax including the natural gas investment tax.
The treaty includes the provision that a permanent establishment will be deemed constituted if an enterprise furnishes services in a Contracting State through employees or other engaged personnel for the same or connected projects for a period or periods aggregating more than 6 months within any 12 month period.
Both countries apply the credit method for the elimination of double taxation.
The treaty will enter into force on the first day of the second month following the exchange of the ratification instruments. It will apply from 1 January of the year following its entry into force.
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