On 13 May 2014, officials from Saudi Arabia and Azerbaijan signed an income and capital tax treaty. The treaty is the first of its kind between the two countries.
Taxes Covered
The treaty covers Azerbaijan individual and corporate income tax, property tax, and land tax. It covers Saudi Zakat and income tax, including the natural gas investment tax.
Service PE
The treaty includes provisions that a service permanent establishment will be deemed constituted if an enterprise furnishes ser…