GTL Summary:

This Resolution constitutes the Executive Bylaws for the KSA Income Tax Law, issued under Royal Decree No. M/1. The provided Articles detail specific definitions critical for tax application within key economic sectors. Specifically, the text clarifies the meaning of a 'Gas Exploration and Production Agreement or Contract', defining it as the legal instrument by which the Saudi government grants an investor rights to operate in Natural Gas Investment Activities within a specified acreage. This definition is essential for determining the tax obligations of investors engaged in the Kingdom's natural gas sector under the Income Tax Law.