Saudi Arabia Tax Update

Analysis

Slim Gargouri provides an update on tax developments in Saudi Arabia examining the tax agreement between the Kingdom and Hungary which was signed on 23 March 2014, entered into force on 1 May 2015 and comes into effect on 1 January 2016.

The agreement was signed for Hungary by its National Economy Minister, Mihaly Varga and for Saudi Arabia by its Finance Minister, Ibrahim Abd al-Aziz al-Assaf.

Details of the treaty were provided in an earlier newsletter.