Singapore (tax/treaty)

Taxes Covered 1. This Agreement shall apply to taxes on income imposed on behalf of a Contracting State or of its administrative subdivisions or local authorities, irrespective of the manner in which they are levied. 2. There shall be regarded as taxes on income all taxes imposed on total income or on elements of income, including taxes on gains from the alienation of movable or immovable property and taxes on the total amounts of wages or salaries paid by enterprises. 3. The existing taxes to which this Agreement shall apply are in particular: a. in the case of the Kingdom of Saudi Arabia: i. the Zakat ii. the income tax including the natural gas investment tax (hereinafter referred to as the "Saudi tax"); b. in the case of Singapore: i. the income tax (hereinafter referred to as "Singapore tax"). 4. This Agreement shall apply also to any identical or substantially similar taxes that are imposed by either Contracting State after the date of signature of this Agreement in addition to, or in place of, the existing taxes. The competent authorities of the Contracting States shall notify each other of any significant changes that have been made in their respective taxation laws.