The income tax treaty between Egypt and Saudi Arabia entered into force on 1 July 2017. The treaty, signed 8 April 2016, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Egyptian individual income tax, tax on profits of legal entities, tax withheld at source, and supplementary taxes. It covers Saudi Zakat and income tax, including the natural gas investment tax.
Service PE
The treaty includes the provision that a permanent establishment will be deemed…