Saudi Arabia's supreme council has formally approved a draft agreement between the Government of the Kingdom of Saudi Arabia and the Government of Malta for the avoidance of double taxation and prevention of tax evasion concerning tax on income.
The Council-also known as the Majlis Al-Shura-met last Monday in Riyadh, and approved the treaty signed with Malta last January.
It is understood that the treaty provisions are based on the articles of the OECD model tax convention. The Malta-Saudi Arabia treaty will enter into force once ratification procedures applicable in both jurisdictions are completed. Malta signed a ‘Convention on the Avoidance of Double Taxation' with Saudi Arabia during bilateral talks held by Malta's Deputy Prime Minister and his counterpart in Riyadh in January.
Saudi Arabia is the largest member of the Gulf Cooperation Council with the most power and oil-based economy. The agreement should significantly boost bi-lateral trade and investment flows.
16 October 2025
Following the recent debate on the potential introduction of a four-day working week, the Malta...
17 September 2025
The Malta Chamber of SMEs welcomes the positive news that direct flights between Malta International...
07 September 2025
The Malta Chamber of SMEs congratulates Dr Alex Borg on his election as Leader of...
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).
