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.
