Riyadh, Jumada II 3, 1439, Feb 19, 2018, SPA -- Kingdom of Saudi Arabia and Swiss Federal Council signed here today an agreement on avoiding double taxation in the field of taxes on income and capital as well as preventing tax evasion. The agreement was signed by Minister of Finance Mohammed bin Abdullah Al-Jadaan and his Swiss counterpart Ueli Maurer, who is currently visiting the Kingdom of Saudi Arabia, in the presence of a number of officials. The Minister of Finance clarified that this agreement represents a stable legal framework that defines the tax relations between the Kingdom and Switzerland. He also called on the businessmen of the two countries to benefit from the advantages of this agreement to establish more joint commercial and investment projects. --SPA 18:52 LOCAL TIME 15:52 GMT www.spa.gov.sa/w615798