Cyprus and Saudi Arabia sign a double taxation treaty

Cyprus and Saudi Arabia sign a double taxation treaty

A double tax treaty was signed between Cyprus and Saudi Arabia on 3 January 2018. It is expected to come in force on 1 January 2019.
The treaty provides for a number of fiscal benefits for businesses of both countries.
As expected, the treaty may significantly revitalize the investment climate in favour of Cypriot and Saudi economies.

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