Each incorporated body liable for taxation shall submit a Tax Declaration written in Arabic language on the form attached to the Executive Rules and Regulations indicating the Income subject to tax for the taxable period and the value of the due tax thereof to the Tax Administration. The incorporated bodies, which are tax exempted, shall not be exempted from submitting their Tax Declaration according to the provisions of this Decree or any International Treaty or any other Law.

Tax Declaration shall be submitted to the Tax Administration on or before the fifteenth day of the fourth month following the end of the taxable period of the incorporated body.

An approved report must be attached to the Tax Declaration from the Auditor registered at the Ministry of Commerce and Industry and approved at the Ministry of Finance enclosing the following papers and documents :

1. The Public Budgets and the Closing Accounts of the taxable period for which the declaration is submitted.

2. A list of the assets, including the purchase date of each asset, its value, the depreciation rate applied depreciation extent, additions, and disposal of assets.

3. A list of sub-contractors and the last payment certificate of each sub-contractor indicating the works being accomplished during the taxable period for which the declaration is submitted and what has been retained according to the provision of Article 37 in this Bylaw.

4. The end of term stock list regarding the amount and value.

5. Copies of under construction contracts, and the amount of each contract revenues and expenditures according to the data mentioned in the Tax Declaration.

6. The trail balance with the totals and balances which are mainly used for preparing the closing accounts and the Tax Declaration.

7. The final payment certificate issued by the contract owner of the project.

8. Insurance companies shall attach to the Public Budget and the Tax Declaration a detailed statement with the reinsured documents and the related terms and conditions.

The data stated in the Tax Declaration approved by the Auditor shall be considered as correct unless otherwise is indicated to the Tax Administration.

The Tax Administration may accept a modified Tax Declaration to correct any mistake in the Tax Declaration submitted for a previous taxable year whenever submitted by the taxpayer according to the Executive Rules and Regulations.

Investment fund managements, Investment trustees, and companies managing portfolios for the account of the Incorporated Bodies subject to the Decree shall provide the Tax Administration with a statement which will include all the dividends resulting from the distribution of the shares maintained or managed for an incorporated body; or any profits resulting from practicing any activity subject to tax in the investment funds or portfolio according to the Executive Rules and Regulations.