The income tax treaty between Macedonia and Saudi Arabia was signed on 15 December 2014. The treaty is the first of its kind between the two countries and will enter into force after the ratification instruments are exchanged.
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 constituted wh…