A.The tax rate imposed on the tax base is 20% for:
- Resident capital company.
- Natural non-Saudi residents who conduct business in Saudi Arabia.
- Non-resident persons who conduct business in Saudi Arabia through a permanent establishment.
B. The Income Tax imposed on the income base of a taxpayer working in natural gas investment sector is 20% only.
C. The Income Tax imposed on the income base of a taxpayer working on oil and hydrocarbons production is as follows:
- 50% imposed on a taxpayer whose total capital investment in Saudi Arabia exceeds three hundred and seventy-five billion Saudi Riyals.
- 65% imposed on a taxpayer whose capital investment in Saudi Arabia exceeds three hundred billion Saudi Riyals and up to three hundred seventy-five billion Saudi Riyals.
- 75% imposed on a taxpayer whose capital investment in Saudi Arabia exceeds two hundred and twenty-five billion Saudi Riyals and less than three hundred billion Saudi Riyals.
- 85% imposed on a taxpayer whose capital investment in Saudi Arabia is no more than two hundred and twenty-five billion Saudi Riyals.
D. The Income Tax imposed to a person working in Saudi Arabia in both oil and hydrocarbons production sector, and natural gas investment sector is the total tax payable of the tax base of such person under paragraphs (B) and (C) of this article.