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Document Type: Tax Law Article
Law: Income Tax Law (Royal Decree No M/1 - 21 Feb 2004)
Article Number: 45
Country: 🇸đŸ‡Ļ KSA
Location: Chapter 10 - Natural Gas Investment Tax
Order: 45

Article 45 - Definitions

Article 45

Chapter 10 - Natural Gas Investment Tax
[Repealed]

Article 45 - Definitions [24]

Footnotes

[24]Repealed by RD No M/70 dated 11/07/1439H (28 March 2018) with effect from 1 January 2018. Prior to deletion, the Article read as follows:

  1. 'Natural gas investment activities shall mean exploration, production, collection, treatment, processing, fractionation of natural gas liquids, production and collection of gas condensates as well as transportation of natural gas, its liquids and gas condensates.'

  2. Transportation shall mean transporting natural gas from treatment plants to processing and fractionation plants or from any such plants to end user facilities, as well as transporting gas condensates and its liquids. That does not include local distribution networks and pipelines constructed by non-gas producers beyond the official sale points.

  3. Gas condensates shall mean 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 temperatures, 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.