Cyprus signs a Double Tax Treaty with Saudi Arabia

Cyprus signed a double tax treaty with Saudi Arabia which will become effective as from 1 January 2019 provided that the ratification procedures by both countries are completed within 2018

The treaty applies to taxes on income as well as on gains from alienation of movable or immovable property and is generally based on the OECD model Tax Convention framework with some modifications

NZ Audit team will be glad to assist you on any questions or clarifications you may require. Please do not hesitate to contact us.