Agreement for avoidance of double taxation concluded between Cyprus and Saudi Arabia

The agreement for avoidance of double taxation concluded between Cyprus and Saudi Arabia in January 2018 came into effect on 1 March 2019.

As announced by the Tax Department of the Cyprus Ministry of Finance, the provisions of the agreement and of the related protocol apply with regard to:

  • Taxes withheld at the source, in amounts paid or credited on or after 1 January 2020, and
  • Other taxes, in amounts of any taxation year beginning on or after 1 January 2020.

The text of the agreement and the protocol can be found on the website of the Tax Department at www.mof.gov.cy/tax

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