PRESS RELEASE
8 January 2018

Cyprus–Saudi Arabia: Double Tax Agreement

MK
Michael Kyprianou Law Firm

Contributor

The firm, based in Cyprus, has an international presence. Its services include Dispute Resolution, Property, Shipping, Immigration, Commercial and Corporate Law. It is highly ranked by leading legal directories, including Legal500 and Chambers and regularly receives accolades from the Cyprus Government and international bodies, in recognition of its excellent service and commitment to the values of integrity, efficiency and professionalism.
On 3 January 2018 an agreement was signed between Cyprus and the Kingdom of Saudi Arabia, for the avoidance of double taxation and the prevention of fiscal evasion in respect of taxes on income.
Cyprus

On 3 January 2018 an agreement was signed between Cyprus and the Kingdom of Saudi Arabia, for the avoidance of double taxation and the prevention of fiscal evasion in respect of taxes on income.

This agreement aimed to further develop trade and economic relations between the two countries.

The Agreement is based on the OECD Model Tax Convention for the Avoidance of Double Taxation on Income and on Capital and also allows the exchange of financial/banking and other confidential information in accordance with the relevant Article of the said Model.

Contributor

The firm, based in Cyprus, has an international presence. Its services include Dispute Resolution, Property, Shipping, Immigration, Commercial and Corporate Law. It is highly ranked by leading legal directories, including Legal500 and Chambers and regularly receives accolades from the Cyprus Government and international bodies, in recognition of its excellent service and commitment to the values of integrity, efficiency and professionalism.

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