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Note: This Treaty may be impacted by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI). MLI impact on Tax Treaties is available with the Orbitax International Tax Research & Compliance Expert.

ARTICLE 24

Avoidance of Double Taxation

(1) If a resident in a Contracting State receives income or has a capital that may be taxed in the other Contracting State, in accordance with the provisions hereof; the State firstly-mentioned may:

  • (a) deduct an amount of tax imposed on the income of such resident equals the income tax paid in the other Contracting State;
  • (b) deduct an amount of tax imposed on the capital owned by such resident equals the capital tax paid in the other Contracting State;

However, such deduction shall not, in any case, exceed that proportion of income or capital tax calculated before the deduction granted and attributable to the income or capital that may be taxable in the other Contracting State.

(2) In the case of the Kingdom of Saudi Arabia, methods of avoidance of double taxation are not prejudice to the provisions of Zakat collection system.