Officials from Hungary and Saudi Arabia signed an income tax treaty on 24 March 2014. The treaty 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. The treaty covers Saudi Arabian Zakat, and the income tax including the natural gas investment tax. Service PE The treaty differs for the OECD model with inclusion of the provision that a service permanent establishment will be deemed constituted if an enterprise from one Contracting State furnishes services in the other State through employees or other...