GTL Summary:

This Resolution constitutes the Executive Bylaws implementing the Kingdom of Saudi Arabia's Income Tax Law. The provided text details Article 51, which, prior to its deletion, addressed the correction of tax assessments. It stipulated that a statutory prohibition on collecting tax from a corrected error in one year would not prevent the recalculation of the correct internal rate of return for subsequent, re-assessable years. This provision ensured that corrections could be carried forward to accurately determine tax liabilities in future periods, subject to the statutory limits for re-assessment. The Article was subsequently deleted in 2019.

Document Type: ERS - Executive Regulations
Law: Income Tax Law (Royal Decree No M/1 - 21 Feb 2004)
Decision Number: executive-regulations-1535-article-51
Year: 2019
Country: 🇸🇦 KSA
Official Name: Article 51 - Repealed
Last updated at: 2026-01-05 08:39:39 UTC

Footnotes

[41]Deleted by Ministerial Resolution No 2568 dated 5/9/1440H (10/05/2019). Prior to deletion, Article 51 read as follows:

'Without prejudice to the rules relating to the statutory period for assessment (the extent allowed for tax re- assessment), a statutory prohibition to collect the tax resulting from a correction of an error in the assessment of tax for one year or more shall not prevent recalculating the correct internal rate of return and then calculating the due tax for all the following years that may be reassessed as per the regulations.'

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