• The following terms and expressions - wherever they appear in this Law - shall have the meanings set forth opposite each of them, unless the context requires otherwise:

  • The State: The Kingdom of Saudi Arabia.
  • The Law: The State Revenues Law.
  • The Regulation: The Implementing Regulation of the Law.
  • The Ministry: Ministry of Finance.
  • The Minister: Minister of Finance.
  • Head of the Entity: The Minister, or the Board of Directors or its equivalent, or the first official in the entity that does not have a Board of Directors or its equivalent.
  • The Entity: Ministries, authorities, agencies, public institutions, and other governmental bodies and independent bodies.
  • Revenues: The monetary funds collected by the State, the sources of which are specified in Article (Two) of the Law.
  • Debt: Any amount due to the State, including any revenue that has become due for payment according to the governing provisions and has not been collected.
  • Debtor: Any natural or legal person who has a debt owed to the State.
  • Tax: An amount deducted from the income and wealth of a natural or legal person, paid to the State compulsorily without compensation, for the purpose of achieving public benefit.
  • Fiscal Year: The State’s fiscal year.
  • Emergency Situation: A situation in which there is a serious and unexpected threat to public safety, public security, or public health, or a situation that threatens loss of life or property, and cannot be dealt with by usual procedures.
  • Oversight Bodies: The General Court of Audit, the Oversight and Anti-Corruption Authority, and any other entity competent to oversee public funds.

• Revenues consist of the following sources:

  • 1- Fees and taxes.
  • 2- Financial contributions.
  • 3- Sales.
  • 4- Penalties and fines.
  • 5- Sale and leasing of state properties.
  • 6- Compensations.
  • 7- Financial returns resulting from contracts, natural resources, privatization, or investment.
  • 8- Any other source approved by a Royal Order, Royal Decree, or a decision from the Council of Ministers.

• Except for matters related to oil revenues, which shall be in coordination with the Ministry of Energy, the Ministry shall undertake the following:

  • 1- Estimating revenues for a period not exceeding ten (10) fiscal years in light of the estimates and data received from the entities, including the entities' debt data if any, and it has the authority to discuss the estimates with the entities, amend them, and notify the entities of the approved estimates.
  • 2- Re-estimating revenues - as deemed appropriate - in emergency cases or changes in economic and financial conditions.

• The regulation shall specify the necessary controls related to the provisions of this article.

The entity shall be responsible for developing the revenues of its tangible and intangible assets - according to the nature of its tasks - in coordination with the Ministry, and the entity shall be responsible for monitoring the collection of its revenues and debts.

Without prejudice to any incentives stipulated in the laws and regulations, the entity shall be granted incentives upon achieving an increase in its collected and developed revenues, including granting an encouragement bonus to its employees or workers who contributed to this increase and development. The regulation shall specify the necessary controls for that.

The entity must, during the fiscal year, prove the revenues and debts in accordance with what is specified by the Regulation.

1- The entity shall collect revenues and debts due for payment on their legally specified dates, and it may, in this regard, seek assistance from the private sector.

2- The regulation shall determine the regulations for implementing paragraph (1) of this article, including the methods and mechanisms used by the entity.