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Document Type: Tax Law Article
Law: Income Tax Law (Royal Decree No M/1 - 21 Feb 2004)
Article Number: 33
Country: 🇸đŸ‡Ļ KSA
Location: Chapter 7 - Additional Rules for Determining the Tax Base
Order: 33

Article 33 - Recoup of Deducted Expenses

Article 33 - Recoup of Deducted Expenses

Chapter 7 - Additional Rules for Determining the Tax Base

Article 33 - Recoup of Deducted Expenses

  1. If a taxpayer recoups expenses, loss, or previously permitted bad debt, the recouped amount shall be included in the gross income for the year in which it is recouped and it shall take the status of the income related to expenses.

  2. For the purpose of this Article, expenditure shall be considered recouped in the absence of the basis for expenditure.