The term "Taxable Activity" refers to all forms of activities, regardless of their type, such as commercial, industrial, agricultural, service-related, banking, insurance, investments of all types; transport operations; leasing of tangible and intangible, movable and immovable property. It also includes professional, vocational or artisanal activity, or any other similar activity that is for profit.

Taxable activity does not include [merely]^[3] opening bank accounts of any type (current, savings or term deposits), and trading in shares of companies listed in the Kingdom's Stock Market by a resident natural person.