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Document Type: Tax Law Article
Law: Income Tax Law (Royal Decree No M/1 - 21 Feb 2004)
Article Number: 19
Country: 🇸đŸ‡Ļ KSA
Location: Chapter 5 - Expenses of Earning Income
Order: 19

Article 19 - Expenses for Geological Surveying and Preliminary Work for the Extraction of Natural Resources

Article 19 - Expenses for Geological Surveying and Preliminary Work for the Extraction of Natural Resources

Chapter 5 - Expenses of Earning Income

Article 19 - Expenses for Geological Surveying and Preliminary Work for the Extraction of Natural Resources

  1. Expenses for geological surveying and preliminary work for the extraction of natural resources are deducted in the form of amortization expenses at the depreciation rate determined in Article 17(b) of this Law, where these expenses constitute an independent group.

  2. This Article also applies to expenses of intangible assets incurred by the taxpayer in the acquisition of rights to geological surveying and the treatment and exploitation of natural resources.