The income tax treaty between Cyprus and Saudi Arabia was signed on 3 January 2018. The treaty is the first of its kind between the two countries. Taxes Covered The treaty covers Cypriot income tax, corporate income tax, the special contribution for the Defense of the Republic, and capital gains tax. It 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 furnishes services through employees or other engaged personnel if the activities continue for the same or connected project...