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Document Type: BL - Bylaws
Law: Income Tax Law (Royal Decree No M/1 - 21 Feb 2004)
Decision Number: 1535-article-19
Year: 2019
Country: 🇸đŸ‡Ļ KSA
Official Name: Article 19 - Accounting Method

Ministerial Resolution No. 1535 of 2004 [Executive Bylaws]

Executive Regulations of the Income Tax System

Article 19 - Accounting Method

Subject to the provisions of Article 23 of the Income Tax Law regarding the accounting method, a natural person may use either the cash basis or the accrual basis in recording his transactions. If his gross income from business for a taxable year exceeds five million Saudi riyals, he must apply the accrual basis and continue using it in all succeeding taxable years even if such income later falls below that threshold.