Executive summary
The Agreement for the Avoidance of Double Taxation with Respect to Taxes on Income and the Prevention of Tax Evasion signed on 2 December 2020 between Taiwan and Saudi Arabia (the Treaty) entered into force on 1 November 2021 and will be effective from 1 January 2022. The Treaty provides appropriate measures to avoid double taxation and a mechanism to resolve cross-border tax disputes between the two jurisdictions.
This Alert summarizes the key provisions in the Treaty.
Detailed d…