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Saudi Arabia Tax News

Treaty between Austria and Saudi Arabia enters into force

2 July 2007
Treaty between Spain and Saudi Arabia signed

2 July 2007
Treaty between Saudi Arabia and South Africa signed

28 May 2007
Treaty between Korea (Rep.) and Saudi Arabia signed

28 May 2007
Treaty between Malaysia and Saudi Arabia – details

13 August 2006
Treaty between Saudi Arabia and Italy to be signed

14 June 2006
Treaty negotiations between Saudi Arabia and Italy

9 April 2006
Treaty between Austria and Saudi Arabia signed

9 April 2006
Treaty negotiations between Saudi Arabia and Russia

9 April 2006
Treaty between Saudi Arabia and Malaysia signed

16 March 2006
It has been reported that Kuwait and Saudi Arabia, which are respectively negotiating tax treaties with India, are seeking to have capital gains arising from the sale/transfer of moveable property taxed in the state of residence. This request for residence-based taxation for these capital gains appears to stem from the Comprehensive Economic Cooperation Agreement (CEPA) between India and Singapore that was signed on 29 June 2005. The CEPA includes a protocol to the existing India-Singapore tax treaty, whereby Article 13 was amended to provide that capital gains on sale of shares derived by a resident of one of the states will only be taxable in the resident country. Accordingly, capital gains arising to a Singaporean resident on sale of shares in Indian companies would not be liable to tax in India.

21 September 2005
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