France: Renewal of the Double Taxation Treaty between France and Saudi Arabia
The exchange of diplomatic notes between France and Saudi Arabia signed on 11 June 2018 and 10 December 2018 was published on 27 November 2019 through the Decree of Application no. 2019-1224 of 25 November 2019.
It provides for the renewal of the existing Double Taxation Treaty (DTT) for a new period of five years as of January 2019 until 31 December 2023.
The renewal of the DTT is effective for income paid as of 1 January 2019.
The initial treaty was signed on 18 February 1982 and entered into force on 1 March 1983.
The full text of the Decree of application no 2019-1224 dated 25 November 2019 and published in the Official Gazette on 27 November 2019 is available (in French language only) Legifrance.gov.fra website.
This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer’s own risk and Clearstream Banking S.A., its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Taxflash does not constitute legal or tax advice.