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Document Type: Tax Law Article
Law: Income Tax Law (Royal Decree No M/1 - 21 Feb 2004)
Article Number: 18
Country: 🇸đŸ‡Ļ KSA
Location: Chapter 5 - Expenses of Earning Income
Order: 18

Article 18 - Expenses of Asset Repair and Improvement

Article 18 - Expenses of Asset Repair and Improvement

Chapter 5 - Expenses of Earning Income

Article 18 - Expenses of Asset Repair and Improvement

  1. Expenses incurred by the taxpayer for the repair or improvement of depreciable assets in each group may be deducted.

  2. The amount of expenses deductible in accordance with paragraph (a) of this Article for each year shall not exceed 4% of the balance of the value of the group at the end of said year.

  3. The amount exceeding the limit stated in paragraph (b) of this Article shall be added to the balance of the value of the group.