Iceland: Income tax treaty with Saudi Arabia enters into force
Generally applies from January 1, 2026
The Iceland–Saudi Arabia income tax treaty (2024), which was signed on December 4, 2024, entered into force on January 1, 2025, and generally applies from January 1, 2026.
The treaty prevents double taxation, promotes investment, and sets reduced withholding tax rates on dividends, interest, and royalties.
For more information, contact a KPMG tax professional in Iceland:
Dagur Kári Kárason | dkarason@kpmg.is