The income tax treaty between Iceland and Saudi Arabia entered into force on 1 December 2025. The treaty, signed 4 December 2024, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Icelandic income taxes to the state and the income tax to the municipalities. It covers Saudi Zakat and income tax.
Residence
If a person other than an individual is considered resident in both Contracting States, the competent authorities will determine the person's residence…