According to a recent update from the Macedonian Ministry of Finance, the income tax treaty with Saudi Arabia entered into force on 1 May 2016. The treaty, signed 15 December 2014, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Macedonian personal income tax and profit tax, and 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 constitu…