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Economic ties with the Kingdom of Saudi Arabia set to grow with new Tax Agreement

14 July 2011

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ECONOMIC TIES WITH THE KINGDOM OF SAUDI ARABIA SET TO GROW WITH NEW TAX AGREEMENT


Singapore and Saudi Arabia businesses to enjoy a range of new tax reductions/exemptions. Singapore’s bilateral economic ties with the Kingdom of Saudi Arabia (KSA) are set to expand with a new comprehensive Avoidance of Double Taxation Agreement (DTA). The DTA, which entered into force on 1 July 2011, provides a range of new tax benefits for both KSA and Singapore businesses. It is expected to spur new economic collaborations, and expand the existing trade and investment relations.


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MINISTRY OF TRADE AND INDUSTRY
14 July 2011


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