Income Tax Law

Release Date:	1425-01-15
Release Tool:	Royal Decree
Issuance Instrument Number:	m/1
Validity:	Valid
Date of last amendment:	1442-04-11
Summary:	By AI The document includes a notification from the Minister of Finance regarding the approval of the Income Tax Law, along with a decision from the Council of Ministers and a royal decree for its ratification. The law encompasses definitions for taxable persons and commercial activities, addresses intellectual property rights, types of companies, and transaction registration requirements. The provisions for income tax set rates of 20% for resident companies and individuals and 30% for natural resourc...

Release Date:

1425-01-15

Release Tool:

Royal Decree

Issuance Instrument Number:

m/1

Validity:

Valid

Date of last amendment:

1442-04-11

Summary:

By AI

The document includes a notification from the Minister of Finance regarding the approval of the Income Tax Law, along with a decision from the Council of Ministers and a royal decree for its ratification. The law encompasses definitions for taxable persons and commercial activities, addresses intellectual property rights, types of companies, and transaction registration requirements. The provisions for income tax set rates of 20% for resident companies and individuals and 30% for natural resourc...