On January 19, 2015 the Ministry of Economy of the Kyrgyz Republic submitted for public discussion the draft Law of the Kyrgyz Republic “On Ratification of the Treaty between the Government of the Kyrgyz Republic and the Government of the Kingdom of Saudi Arabia on the Double Taxation Avoidance and the Prevention of Fiscal Evasion with respect to Taxes on Income Signed on December 2, 2014 in Riyadh”.

According to the explanatory note, the draft Law is important for preparing common approach in mutual relations of tax legislation of Kyrgyzstan and Saudi Arabia. It is also a unified form for resolving common problems which occur in the legal sphere of international double taxation.