The income tax treaty between Latvia and Saudi Arabia was signed on 7 November 2019. The treaty is the first of its kind between the two countries
Taxes Covered
The treaty covers Latvian enterprise income tax, personal income tax, and immovable property tax. It covers Saudi Zakat and income tax including natural gas investment tax.
Service PE
The treaty includes the provision that a permanent establishment will be deemed constituted when an enterprise furnishes services within a Contrac…