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Document Type: BL - Bylaws
Law: Income Tax Law (Royal Decree No M/1 - 21 Feb 2004)
Decision Number: 1535-article-45
Year: 2019
Country: 🇸đŸ‡Ļ KSA
Official Name: Article 45 - Repealed

Ministerial Resolution No. 1535 of 2004 [Executive Bylaws]

Executive Regulations of the Income Tax System

Footnotes

[35]Deleted by Ministerial Resolution No 2568 dated 5/9/1440H (10/05/2019). Prior to deletion, Article 45 read as follows:

'The activity of investment in the field of natural gas is considered as a single, indivisible contract, in accordance with Article 51 of the Income Tax Law. It is one unified activity that may not be fragmented for the purpose of avoiding the natural gas investment tax, either wholly or partially, or in any form whatsoever.

The taxpayer may not define multiple activities in the field of natural gas investment as separate contracts in order to avoid the natural gas investment tax.

Likewise, the taxpayer may not combine activities in the field of natural gas investment with any activity outside the scope of natural gas investment, such as water, electricity, or petrochemical projects and the like.'