Entry into force of the double taxation agreement between Cyprus and Saudi Arabia

The Cyprus Ministry of Finance has made known that the double tax agreement with Saudi Arabia, which was signed on 3 January 2018, will enter into force on 1 March 2019. The provisions of the agreement will apply to amounts paid or credited on or after 1 January 2020 with regard to taxes withheld at source, and to taxable years beginning on or after 1 January 2020 with regard to other taxes.