Saudi Shura Council Approves Pending Tax Treaty with Latvia

On 15 February 2021, the Saudi Shura Council approved the pending income tax treaty with Latvia. The treaty, signed 7 November 2019, is the first of its kind between the two countries. It will enter into force on the first day of the second month after the ratification instruments are exchanged and will apply from 1 January of the year following its entry into force.