GTL Summary:

Document Type: BL - Bylaws
Law: Income Tax Law (Royal Decree No M/1 - 21 Feb 2004)
Decision Number: 1535-article-40
Year: 2019
Country: 🇸🇦 KSA
Official Name: Article 40 - Repealed
Last updated at: 2025-11-11 08:04:09 UTC

Footnotes

[30]Deleted by Ministerial Resolution No 2568 dated 5/9/1440H (10/05/2019). Prior to deletion, Article 40 read as follows:

'The Internal Rate of Return (IRR) shall be calculated based on the actual annual cash flows, without considering the effect of the annual inflation rate or any other factors. The taxpayer's certified public accountant must certify the accuracy of this calculation.'

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