How are pensions taxed under the Australia-Saudi Arabia tax treaty?
Under the Australia-Saudi Arabia tax treaty, private pensions are generally taxable only in the country of residence β meaning no withholding tax applies at source (0%). This is favorable for retirees who have moved between the two countries, as their pension income will not be subject to double taxation. Government pensions may have different rules under a separate treaty article. This 0% rate compares to a median of 0% across Australia's 48 active treaty partners, and 0% across Saudi Arabia's 23 active partners.
Network Comparison
Australia
Rank 40 of 48 active treaties (lowest rate = #1)
Lower rates with: Portugal (0%), Romania (0%), Russia (0%)
Higher rates with: Sweden (0%), Singapore (0%), Slovak Republic (0%)
Saudi Arabia
Rank 3 of 23 active treaties (lowest rate = #1)
Lower rates with: United Arab Emirates (0%), Austria (0%)
Higher rates with: Switzerland (0%), China (0%), Germany (0%)