GTL Summary:

This Resolution constitutes the Executive Bylaws for implementing the Kingdom of Saudi Arabia's Income Tax Law. Issued by the Minister of Finance, these Articles provide detailed rules for the Law's application. Based on the provided text, the Bylaws specify the tax treatment for financial transactions involving foreign currencies. Specifically, Article 12 clarifies that any gains or losses arising solely from the revaluation of currency, as distinct from actual conversion, are not to be included in the tax base. This provision operates subject to the broader currency conversion rules stipulated in the parent Income Tax Law.