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Portugal Ratifies Tax Treaties with Oman and Saudi Arabia

21 July 2016

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Treaty Development

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Portugal-Oman-Saudi Arabia

On 18 July 2016, the decrees ratifying Portugal's pending income tax treaties with Oman ({News-2015-06-04/T/5- previous coverage}) and Saudi Arabia ({News-2016-04-18/T/4- previous coverage}) were published in the Official Gazette. The treaty with Oman was signed 28 April 2015 and the treaty with Saudi Arabia was signed 8 April 2015. Both treaties are the first of their kind between Portugal and the respective countries, and will enter into force after the ratification instruments are exchanged.