GTL Summary:

This Resolution constitutes the Executive Bylaws for the KSA Income Tax Law, providing detailed regulations for its application. The Bylaws establish the necessary procedural and technical rules for tax administration and compliance in the Kingdom. The provided text specifically references Article 39, which originally detailed the methodology for calculating the internal rate of return (IRR), stipulating that annual cash flows were to be considered as occurring at year-end. This article was subsequently deleted by a later resolution, reflecting amendments to specific financial calculation guidelines within the Saudi tax framework.