On 1 May 2015, the income and capital tax treaty between Hungary and Saudi Arabia entered into force. The treaty, signed 23 March 2014, is the first of its kind between the two countries. Taxes Covered The treaty covers Hungarian personal income tax, corporate tax, land parcel tax, and building tax. It covers Saudi Zakat, and the income tax including the natural gas investment tax. Service PE The treaty includes the provision that a permanent establishment will be deemed constituted if an enterprise from one Contracting State furnishes services in the other State through employees or other engaged personnel for...