The income and capital tax treaty between Saudi Arabia and Turkmenistan will reportedly enter into force on 1 April 2017. The treaty, signed 1 May 2016, is the first of its kind between the two countries and generally applies from 1 January 2018. The treaty provides for the following withholding tax rates:

• Dividends - 10%
• Interest - 10%
• Royalties - 10%

Additional details will be published on…