On 8 February 2016, Saudi Arabia's cabinet approved the pending income tax treaty with Morocco. The treaty, signed 14 April 2015, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Moroccan income tax and corporation tax, and covers Saudi Zakat and income tax including the natural gas investment tax.
Service PE
The treaty includes the provision that a permanent establishment will be deemed constituted when an enterprise furnishes services in a Contractin…