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Document Type: BL - Bylaws
Law: Income Tax Law (Royal Decree No M/1 - 21 Feb 2004)
Decision Number: 1535-article-13
Year: 2019
Country: 🇸đŸ‡Ļ KSA
Official Name: Article 13 - Compensation Receipts

Ministerial Resolution No. 1535 of 2004 [Executive Bylaws]

Executive Regulations of the Income Tax System

Article 13 - Compensation Receipts

Compensation payments received take the character of the thing that is compensated as far as being subject to tax or not.

Compensation receipts for damage in goods (trading stock) are deemed to be income subject to tax, but compensation receipts for assets are dealt with in accordance with Article 9 of the Income Tax Law.