No 05


Saudi Natural Gas Investment Tax Regulations

The following is aMEES translation of the Rules for Implementation of Natural Gas Investment Tax (NGIT), issued by Royal Decree No. M/37, dated 25 Jumadah II 1424 [23 August 2003], and published in the Official Gazette, Umm al-Qura, No. 3973, 10 Dhu al-Qadah, 1424 [3 January 2004].

Chapter I Definitions

1.Whenever used herein, the following words and phrases shall denote the meanings indicated against each, unless the...