In this Law, the following terms shall have the meanings assigned thereto, unless the context requires otherwise:

• State: Kingdom of Saudi Arabia.

• Ministry: Ministry of Finance.

• Minister: Minister of Finance.

• Authority: Any ministry, agency, public corporation, or public entity.

• Law: State Revenue Law.

• Regulations: Implementing Regulations of this Law.

• Revenue: Financial resources collected by the State as fund flows.

• Debt: Any sum of money due to the State.

• Debtor: Any natural or legal person who owes money to the State.

• Tax: A sum of money levied by the State on the income and wealth of a natural or legal person for no consideration to achieve public interest.

• Fee: A mandatory sum of money paid by a beneficiary to the State for a public service.

• Charge: A sum of money paid by a beneficiary for a service provided thereto.

• Penalties and Fines: Sums of money imposed on violators of the law.

• Business Days: The State’s official working days.

Sources of revenue shall be as follows:

• 1. Natural resources.

• 2. Fees, charges, and taxes.

• 3. Loans and repaid loans.

• 4. Return on investment.

• 5. Sales, penalties, and fines.

• 6. Sale and lease of State properties.

• 7. Donations, grants, and compensations.

• 8. Any other source allocated pursuant to a resolution by the Council of Ministers.

The Ministry shall estimate the projected State revenue for each fiscal year according to estimates provided by the authorities.

A. Each authority shall be responsible for optimally investing its resources, maximizing its revenues, and monitoring the collection thereof, in coordination with the Ministry.

B. An independent investment unit may, as necessary, be established at any authority to maximize revenues and monitor the collection thereof.

An authority which achieves an increase in its revenues in the previous fiscal year shall be allocated in its current budget 20% of such increase, with the exception of revenues generated from natural resources, sale of real property, penalties, and fines. The Implementing Regulations of this Law shall determine the maximum amounts for each collection authority.

Employees who contribute in achieving an increase in revenue shall be granted financial incentives; such incentives shall not exceed three-month’s salaries per fiscal year. The Regulations shall determine the rules for granting such incentives

The Ministry shall, in coordination with the relevant authority, set procedures for revenue collection in a manner that ensures the safekeeping and protection of revenues; to this end, it may seek the assistance of the private sector.