Saudi Arabia: Income Tax Law
Title
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Saudi Arabia: Income Tax Law |
Date of adoption
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6 March 2004 |
Entry into force
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In effect |
Text versions |
Source:
– Kingdom of Saudi Arabia Bureau of Experts at The Council of Ministers, accessed: 21 May 2013.
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Abstract
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Art. 1 defines activity as commercial activity in all its forms that is intended to create profit.
Art. 2 lists the persons and entities that are required to pay the income tax. Of particular relevance are b) a natural resident non-Saudi person who carries out [commercial] activity in the Kingdom.
Art. 3A defines the concept of residence for the purpose of this law. A natural person is considered to be a resident of the Kingdom during a tax year if s/he fulfills one of the following conditions:
For the purposes of this law, residence in the Kingdom for part of a day is counted as residence for a full day. This does not include a person who is only transiting through the Kingdom.
Art. 6B defines the tax base for a natural non-Saudi resident to be his taxable income from any activity from the Kingdom’s resources excluding the approved expenses per this law.
Art. 7A sets the tax value for a natural resident non-Saudi person who carries out [commercial] activity in the Kingdom at 20%.
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