Minister

:

Minister of Finance

Department

:

Department of Zakat and Income.

Tax

:

Income tax imposed in accordance with this Law.

Person

:

Any natural or corporate person.

Taxpayer

:

Any person subject to tax in accordance with this Law.

Activity

:

Any form of commercial activity, or any vocational, professional, or any other similar activity for profit. This includes the use of movable and immovable property.

Royalties

:

Payments received for the use of or the right to use intellectual rights, including, but not limited to, copyrights, patents, designs, industrial secrets, trademarks and trade names, know-how, trade and business secrets, goodwill, and payments received against the use of information related to industrial, commercial, or scientific expertise, or against granting the right to exploit natural and mineral resources.

Kingdom

:

The lands and territorial waters of the Kingdom of Saudi Arabia, its air space, and its rights in the zone divided between it and the State of Kuwait. This includes marine or semi-marine areas that are under the sovereignty, sovereignty rights, or jurisdiction of the Kingdom in accordance with International Law.

Capital company

:

A joint stock company, limited liability company, or a company limited by shares. For the purposes of this Law, investment funds shall be considered capital companies.

Partnership

:

A general partnership, a silent partnership, or a limited partnership.

Resident

:

A natural person, a company that satisfies the residency conditions stipulated in Article 3 of this Law, any governmental department, ministry, or public entity, or any other corporate person or entity formed in the Kingdom.

non-resident

:

Any person who does not satisfy the requirements of the status of resident.

Saudi citizen

:

A person holding the Saudi nationality or who is treated as such.

Commercial books

:

The set of commercial books kept by taxpayers in which all commercial transactions are recorded as described by Royal Decree No. (M/61) dated 17/12/1409H and its Implementing Regulations issued by Ministerial Decision No. (699) dated 29/7/1410H, amended by Ministerial Decision No. (1110) dated 24/12/1410H, and any subsequent amendments thereof.

Regulations

:

Implementing Regulations of this Law.

[Natural Gas Investment

:

Activities of the exploration and production of non- associated natural gas, including gas condensates, as well as the activities of collection, purification, treatment, fractionation, and transportation of associated and non-associated natural gas, and their liquids, gas condensates, and other accompanying elements.]^[1]

[Natural Gas Transportation

:

The transfer of associated and non-associated natural gas from purification plants to treatment plants and fractionation plants, or from such plants to end user facilities, as well as the transfer of gas condensates and its liquids. This shall not include local distribution networks and pipelines constructed by non-gas producers beyond the official sale points.]^[2]

[Gas condensates

:

condensates in their natural form, which are hydrocarbons that exist in a single gaseous phase in reservoirs with original temperatures in the range between the critical and maximum temperature, where it is possible for the substance to have two phases side by side and which are extracted from wells completed in gas condensate reservoirs and become liquid at standard conditions of temperature and pressure.]^[3]