GTL Summary:

This record details Ministerial Resolution No. 1535 of 2004, constituting the Executive Bylaws for the KSA Income Tax Law issued by Royal Decree No. M/1. These bylaws provide detailed regulations for implementing the Law’s provisions. Based on the provided text for Article 35, the bylaws specify the technical standards for measuring quantities relevant to income recognition, designating the Ministry of Energy, Industry and Mineral Resources as the competent authority. This regulation ensures a standardised and technically sound basis for calculating taxable income, demonstrating the Bylaws' role in clarifying specific operational aspects of tax compliance.

Document Type: ERS - Executive Regulations
Law: Income Tax Law (Royal Decree No M/1 - 21 Feb 2004)
Decision Number: executive-regulations-1535-article-35
Year: 2019
Country: 🇸🇦 KSA
Official Name: Article 35 - Quantities
Last updated at: 2026-01-05 08:39:39 UTC

Article 35 - Quantities

[The measurement of quantities associated with income recognition shall be based on the technical standards set by the Ministry of Energy, Industry and Mineral Resources.][25]

Footnotes

[25]Amended by Ministerial Resolution No. 2568 dated 5/9/1440H (10/5/2019). Prior to amendment, Article 35 read as follows:

'The quantities relevant to the determination of income shall be measured based on the technical standards determined by the Ministry of Petroleum and Mineral Resources.'

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