Saudi Arabia Tax News

Treaty between the Netherlands and Saudi Arabia signed

4 November 2008

Treaty between UK and Saudi Arabia ratified

30 August 2008

Treaty between Spain and Saudi Arabia enters into force

11 August 2008

Treaty between Saudi Arabia and Tunisia – negotiations

21 June 2008

Treaty between Morocco and Saudi Arabia – negotiations

14 May 2008

Details of the first-time income and capital tax treaty between Austria and Saudi Arabia, signed on 18 March 2006, have become available. The treaty was concluded in the German, English and Arabian languages, each text having equal authenticity. In the case of divergence, however, the English text prevails. The treaty generally follows the OECD Model Convention.

16 January 2008

Treaty between United Kingdom and Saudi Arabia signed

3 December 2007

Treaty between Spain and Saudi Arabia – details

3 December 2007

Treaty between Saudi Arabia and Turkey signed

3 December 2007

Treaty between Austria and Saudi Arabia enters into force

2 July 2007

Treaty between Spain and Saudi Arabia signed

2 July 2007

Treaty between Saudi Arabia and South Africa signed

28 May 2007

Treaty between Korea (Rep.) and Saudi Arabia signed

28 May 2007

Treaty between Malaysia and Saudi Arabia – details

13 August 2006

Treaty between Saudi Arabia and Italy to be signed

14 June 2006

Treaty negotiations between Saudi Arabia and Italy

9 April 2006

Treaty between Austria and Saudi Arabia signed

9 April 2006

Treaty negotiations between Saudi Arabia and Russia

9 April 2006

Treaty between Saudi Arabia and Malaysia signed

16 March 2006

It has been reported that Kuwait and Saudi Arabia, which are respectively negotiating tax treaties with India, are seeking to have capital gains arising from the sale/transfer of moveable property taxed in the state of residence. This request for residence-based taxation for these capital gains appears to stem from the Comprehensive Economic Cooperation Agreement (CEPA) between India and Singapore that was signed on 29 June 2005. The CEPA includes a protocol to the existing India-Singapore tax treaty, whereby Article 13 was amended to provide that capital gains on sale of shares derived by a resident of one of the states will only be taxable in the resident country. Accordingly, capital gains arising to a Singaporean resident on sale of shares in Indian companies would not be liable to tax in India.

21 September 2005