Sirs / the respected participants of the Chamber
Peace and blessings of God
Chamber present its best regards and informs you of the receipt of the
letter of Saudi Chambers Council No. (787) date (08/03/1438) referring to
the letter of the General Authority for Zakat and Income based on the response
from the Ministry of Finance bout the approval of the decision No. (17) date (09/01/1438) of
the agreement between the Government of the Kingdom and the Government of the
Bolivarian Republic of Venezuela for the avoidance of double taxation and
prevention of evasion of taxes on income, approved by the Royal decree No. (m /
2) date (10 Muharram 1438 ), and the agreement starts from 2 March 1438, and
according to the second paragraph of the
28th of the convention, its regulations will be applied as follows:
Regarding the excluded taxes the amounts must be paid
in the same/ or after the first day of the month of January 2017.
Other taxes for the taxing years, starts in the
same/ or after the first day of January 2017.