On 10 May 2024, Mauritania's National Assembly approved the law for the ratification of the pending income and capital tax treaty with Saudi Arabia. The treaty, signed 2 December 2018, is the first of its kind between the two countries and will enter into force after the ratification instruments are exchanged. Taxes Covered The treaty covers Mauritanian tax on non-commercial profits, tax on wages, salaries, and pensions, tax on commercial and industrial profits, tax on income from movable property, tax on income from immovable property, tax on agricultural income, and real estate income tax. It covers Saudi income tax and...