GTL Summary:

This Resolution constitutes the Executive Bylaws for the KSA Income Tax Law, issued under Royal Decree No. M/1. The provided text details the former provisions of Article 49, which addressed the natural gas investment tax. Prior to its deletion by Ministerial Resolution No. 2568 of 2019, this article specified the tax return and payment process for relevant taxpayers. It mandated the calculation of a 30% income tax alongside the natural gas investment tax, determined by the Internal Rate of Return (IRR), with the final payment being the investment tax due less income tax paid.

Document Type: ERS - Executive Regulations
Law: Income Tax Law (Royal Decree No M/1 - 21 Feb 2004)
Decision Number: executive-regulations-1535-article-49
Year: 2019
Country: 🇸🇦 KSA
Official Name: Article 49 - Repealed
Last updated at: 2026-01-05 08:39:39 UTC

Footnotes

[39]Deleted by Ministerial Resolution No 2568 dated 5/9/1440H (10/05/2019). Prior to deletion, Article 49 read as follows:

The taxpayer subject to natural gas investment tax shall submit its tax return including a calculation of the due 30 percent income tax, in addition to a calculation of the payable natural gas investment tax based on the tax rate determined in accordance with the IRR. The taxpayer shall pay the income tax due in addition to the natural gas investment tax due after deducting the income tax paid.

Fast-loading version for search engines - Click here for the interactive version