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Document Type: BL - Bylaws
Law: Income Tax Law (Royal Decree No M/1 - 21 Feb 2004)
Decision Number: 1535-article-31
Year: 2019
Country: 🇸đŸ‡Ļ KSA
Official Name: Article 31 - Main Activity

Ministerial Resolution No. 1535 of 2004 [Executive Bylaws]

Executive Regulations of the Income Tax System

Article 31 - Main Activity

[The "main activity" of the taxpayer engaged in natural gas investment and transportation means the activity or activities authorized under an agreement or contract for the exploration and production of natural gas, or those licensed under the Gas Supplies and Pricing Regulations to conduct work in the field of natural gas investment, including any licensed independent activities.][22]

Footnotes

[22]Amended by Ministerial Resolution No. 2568 dated 5/9/1440H (10/5/2019). Prior to amendment, Article 31 read as follows:

'The "main activity" of the taxpayer subject to the Natural Gas Investment Tax means the activity or activities permitted under an agreement or contract for the exploration and production of natural gas, or those licensed under the Gas Supplies and Pricing Regulations for carrying out operations in the field of natural gas investment, including licensed independent activities.'