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Asharq Al-Awsat

Business

Riyadh - Bandar Al-Mosalam

Saudi Arabia Signs 56 Agreements to Prevent Double Taxation

Saudi Arabia Asharq AlAwsat Kingdom

Saudi Arabia is seeking to expand agreements with other countries to avoid double taxation. (Asharq Al-Awsat)

In line with Vision 2030, Saudi Arabia is seeking to strengthen its international presence by attracting foreign capital for investment, obtaining tax exemptions for government investments, and exchanging customs information.

Asharq Al-Awsat obtained a copy of a recent report issued by the Zakat, Tax and Customs Authority which showed that the Kingdom has taken great steps to enhance international cooperation in matters related to customs regulations, including the signing of 56 double taxation avoidance agreements until the end of 2021.

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