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Double Double Taxation Conventions - New treaty with Saudi Arabia signed by parties
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8 November 2007
The first comprehensive double taxation convention between the United Kingdom and the Kingdom of Saudi Arabia was signed in London on 31 October 2007.
The text of the new Convention is available on HM Revenue & Customs' website and will be presented to Parliament early next year for approval.
The Convention will enter into force once both countries have completed their legislative procedures. In the United Kingdom the provisions of the Convention will take effect, for income tax purposes, from 6 April in the calendar year following the date of entry into force. In Saudi Arabia, the provisions will take effect from 1 January in the calendar year following the date of entry into force.
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Further information:
Double taxation convention: Saudi Arabia
UK/Saudi Arabia Double Taxation Convention And Protocol
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