On 3 October 2017, Mexico's Senate approved the pending income tax treaty with Saudi Arabia. The treaty, signed 17 January 2016, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Mexican federal income tax and covers Saudi Zakat and income tax, including the natural gas investment tax.
Permanent Establishment
The treaty includes the provision that a permanent establishment will be deemed constituted when an enterprise furnishes services through employee…