GTL Summary:

Ministerial Resolution No. 1535 of 2004 establishes the Executive Bylaws for the implementation of the Kingdom of Saudi Arabia's Income Tax Law. These bylaws provide detailed administrative and procedural rules to ensure compliance. The provided text highlights a significant amendment: the repeal of Article 36 by Ministerial Resolution No. 2568 of 2019. Originally, this article stipulated that capital gains realised from transferring shares in licensed natural gas investment companies were subject to a 20% income tax, separate from the tax on natural gas investment profits. Its deletion marks a key change in this specific tax treatment.

Document Type: ERS - Executive Regulations
Law: Income Tax Law (Royal Decree No M/1 - 21 Feb 2004)
Decision Number: executive-regulations-1535-article-36
Year: 2019
Country: 🇸🇦 KSA
Official Name: Article 36 - Repealed
Last updated at: 2026-01-05 08:39:39 UTC

[ARTICLE 36 REPEALED][26]

Footnotes

[26]Deleted by Ministerial Resolution No 2568 dated 5/9/1440H (10/05/2019). Prior to deletion, Article 36 read as follows:

'Capital gains realised by an investor resulting from partial or total transfer of his share in the company licensed to operate in the natural gas investment activities shall not be considered taxable income under the tax on natural gas investment profits; it shall be considered as income subject to income tax at a rate of 20 percent.'

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