GTL Summary:

This article, repealed by Royal Decree M/70 of 1439H effective 1 January 2018, outlined the historical method for calculating annual cash flows for the Natural Gas Investment Tax. The calculation involved adjusting the tax base by adding back several items: any operational losses carried forward from previous years, non-cash items that were deducted, and all financing and bank service fees. Concurrently, it required subtracting capital cash expenditures (excluding finance fees) and any natural gas investment tax and corporate income tax that had been actually paid during the period. These provisions are no longer in effect.

Document Type: Tax Law Article
Law: Income Tax Law (Royal Decree No M/1 - 21 Feb 2004)
Article Number: 49
Country: 🇸🇦 KSA
Location: Chapter 10 - Natural Gas Investment Tax
Order: 49
Last updated at: 2025-12-19 09:23:03 UTC

Chapter 10 - Natural Gas Investment Tax
[Repealed]

Article 49 - Calculation of Annual Cash Flows for Tax Purposes [28]

Footnotes

[28]Repealed by RD No M/70 dated 11/07/1439H (28 March 2018) with effect from 1 January 2018.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:
'The annual cash flows shall be calculated by adjusting the natural gas investment tax base as follows:

  1. Adding back any operational losses carried forward from previous years.

  2. Adding back non-cash items deducted for the purpose of determining the taxpayer's base.

  3. Adding back all financing fees and other bank service fees.

  4. Subtracting capital cash expenditures except financing fees and other bank service fees.

  5. Subtracting the natural gas investment tax and companies income tax actually paid.'

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