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Saudi Arabia Approves Tax Treaty with Kyrgyzstan

22 June 2015

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Treaty Development

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Kyrgyzstan-Saudi Arabia

On 15 June 2015, the Saudi Arabian Cabinet approved for ratification the pending income tax treaty with Kyrgyzstan. The treaty, signed 2 December 2014, is the first of its kind between the two countries. Taxes Covered The treaty covers Kyrgyz tax on profits and income of legal persons and individual income tax, and covers Saudi Zakat and income tax including the natural gas investment tax. Service PE The treaty includes the provision that a permanent establishment will be deemed constituted when an enterprise of one Contracting State furnishes services in the other State through employees or other engaged personnel for...