Author: Decree

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Council of Ministers Decision

Council of Ministers: Decision 40 Approving the Investment Law

Arabic

The Council of Ministers,

after perusal of the Royal Court File 79088 dated 3 Dhu Al-Qa’dah 1445 [11 May 2024], which includes Minister of Investment Telegram 392 dated 17 Muharram 1444 [15 August 2022], regarding the draft Investment Law,

after perusal of the aforementioned draft law,

after perusal of the Foreign Investment Law, issued by Royal Decree D/1 dated 5 Muharram 1421 [10 April 2000],

after perusal of the System of the Saudi Center for Economic Affairs issued by Council of Ministers Decision 456 dated 11 Sha’ban 1440 [17 April 2019],

after perusal of Council of Ministers Decision 83 dated 30 Muharram 1443 [7 September 2021],

after perusal of the National Investment Strategy approved by Council of Ministers Decision 134 dated 28 Safar 1443 [6 October 2021],

after perusal of Bureau of Experts at the Council of Ministers Minutes 202 dated 26 Jumada Al-Thani 1444 [19 January 2023] and Memorandums 3676 dated 26 Dhu Al-Qa’dah 1444 [15 June 2023], 1622 dated 8 Jumada Al-Awwal 1445 [21 November 2023], 2113 dated 12 Jumada Al-Thani 1445 [25 December 2023], and 3229 dated 7 Ramadan 1445 [17 March 2024],

after perusal of the Council of Economic and Development Affairs Recommendation 2-8/45/R dated 15 Jumada Al-Thani 1445 [28 December 2023],

after considering Shura Council Decision 287/27 dated 27 Shawwal 1445 [6 May 2024],

and after perusal of the General Committee of the Council of Ministers Recommendation 12210 dated 24 Dhu Al-Qa’dah 1445 [1 June 2024],

hereby decides

First

The Investment Law is hereby approved in the form attached.

Second

The law—referred to in Clause First of this decision—does not prejudice any rights acquired by any investor prior to its entry into force, including any licenses or incentives granted to him, until the expiry of the terms of those rights.

Third

As an exception to the provisions of article 1 of the Law—referred to in Clause First of this decision—the competent entity stipulated in article 8 means the Permanent Ministerial Committee for the Examination of Foreign Investment formed in Clause First of Council of Ministers Decision 83 dated 30 Muharram 1443 [8 September 2021].

Fourth

The Ministry of Investment shall prepare the regulations stipulated in article 15 of the law—referred to in Clause First of this decision—after coordination with the relevant entities. The Ministry of Energy shall participate in preparing the provisions related to article 6 and article 17(3) and (4) of the law.

A draft royal decree has been prepared in the form attached.

Fifth

The Ministry of Investment shall exercise its competences stipulated in paragraph 4 of article 7 of the Law—referred to in clause First of this decision—in a manner that does not conflict with article 4 of the System of the Saudi Center for Economic Business, issued by Council of Ministers Decision 456 dated 11 Sha’ban 1440 [17 April 2019]. The Ministry shall agree with the Center regarding the establishment or operation of spatial centers to serve the business sector in a manner consistent with the gracious directive communicated in Royal Court File 35629 dated 19 Jumada Al-Awwal 1444 [13 December 2022].

The Prime Minister

Issued on: 10 Muharram 1446
Corresponding to: 17 July 2024

Published in Umm Al-Qura 5043 issued on 16 August 2024.

Categories
Ministerial Decision

Zakat, Tax and Customs Authority: Decision 1446-99-82 Implementing Phase Fourteen of Linking Electronic Invoicing Systems

Arabic

The Governor of the Zakat, Tax, and Customs Authority,

based on the powers entrusted to him by law,

after perusal of the Electronic Invoicing Regulation issued by the board of directors of the authority Decision 2-6-20 dated 4 Rabi Al-Thani 1442 [20 November 2020], based on article 6(a) of the aforementioned regulation, and after perusal of Administrative Decision 19821 dated 15 Shawwal 1442 [27 May 2021], and its amendments, which includes the approval of the controls, requirements, technical specifications, and procedural rules necessary to implement the provisions of the Electronic Invoicing Regulation,

hereby decides

First

Taking into account the provisions of the commitment decisions to link the electronic invoicing systems previously issued by the authority, all persons subject to the electronic invoicing regulation whose annual revenues subject to value-added tax for the year 2022 or for the year 2023 exceed 5,000,000 (five million) Riyals shall commit to linking their electronic invoicing systems, sending electronic invoices and electronic notices, and sharing their data with the authority—the fourteenth stage of linking electronic invoicing systems with the systems of the authority—as of 1 February 2025, and until the latest of 30 April 2025.

Second

The authority shall notify persons who meet the criteria stipulated in this decision using the means of communication approved by the authority within the specified time period.

Third

This decision must be communicated to those required to implement it, and comes into force on the date of its publication in the official gazette.

May Allah provide success.

Governor Suhail bin Mohammed Abanmi

Issued on: 11 Muharram 1446
Corresponding to: 17 July 2024

Published in Umm Al-Qura 5040 issued on 26 July 2024.

Categories
Council of Ministers Decision

Council of Ministers: Decision 41 Amending the System of the Nuclear and Radiological Regulatory Commission

Arabic

The Council of Ministers,

after perusal of the Royal Court File 60731 dated 19 Sha’ban 1445 [29 February 2024], which includes Chairman of the Board of Directors of the Nuclear and Radiological Regulatory Authority Telegram 3098 dated 13 Sha’ban 1445 [23 February 2024], regarding the request to amend paragraph 6 of article 6 of the System of the Nuclear and Radiological Regulatory Authority,

after perusal of the System of the Nuclear and Radiological Control Authority issued by Council of Ministers Decision 334 of 25 Jumada Al-Thani 1439 [13 March 2018],

after perusal of the Bureau of Experts at the Council of Ministers Memorandum 3353 dated 15 Ramadan 1445 [25 March 2024],

after perusal of the Council of Economic and Development Affairs Minutes 1942/45/M dated 16 Shawwal 1445 [24 April 2024],

and after perusal of the General Committee of the Council of Ministers Recommendation 12176 dated 24 Dhu Al-Qa’dah 1445 [31 May 2024],

hereby decides

Article 6(6) of the System of the Nuclear and Radiological Control Authority issued by Council of Ministers Decision 334 dated 25 Jumada Al-Awwal 1439 [13 March 2018], is hereby amended to read as follows: “Approving the structure and organizational guide of the authority.”

The Prime Minister

Issued on: 10 Muharram 1446
Corresponding to: 16 July 2024

Published in Umm Al-Qura 5040 issued on 26 July 2024.

Categories
Council of Ministers Decision

Council of Ministers: Decision 25 Approving the General Cooperation Agreement between the Governments of Saudi and Sierra Leone

Arabic

The Council of Ministers,

after perusal of Royal Court File 75444 dated 19 Shawwal 1445 [28 April 2024], which includes the Minister of Foreign Affairs Telegram 135644 dated 2 Jumada Al-Awwal 1445 [15 November 2023], regarding the final signed version of a draft General Cooperation Agreement between the Government of the Kingdom of Saudi Arabia and the Government of the Republic of Sierra Leone, and the final signed version of a draft Memorandum of Understanding regarding Political Consultations between the Ministry of Foreign Affairs of the Kingdom of Saudi Arabia and the Ministry of Foreign Affairs and International Cooperation of the Republic of Sierra Leone,

after perusal of the aforementioned final copies,

after perusal of the Bureau of Experts at the Council of Ministers Memorandum 3080 dated 24 Sha’ban 1445 [5 March 2024],

after considering Shura Council Decision 270/26 dated 14 Shawwal 1445 [23 April 2024],

and after perusal of the General Committee of the Council of Ministers Recommendation 12190 dated 24 Dhu Al-Qa’dah 1445 [1 June 2024],

hereby decides

First

The General Agreement on Cooperation between the Government of the Kingdom of Saudi Arabia and the Government of the Republic of Sierra Leone signed in the city of Riyadh on 26 Rabi Al-Thani 1445, corresponding to 10 November 2023, is hereby approved in the form attached.

Second

The Memorandum of Understanding on Political Consultations between the Ministry of Foreign Affairs of the Kingdom of Saudi Arabia and the Ministry of Foreign Affairs and International Cooperation of the Republic of Sierra Leone signed in the city of Riyadh on 26 Rabi Al-Thani 1445, corresponding to 10 November 2023, is hereby approved in the form attached.

A draft royal decree has been prepared in the form attached.

The Prime Minister

Issued on: 10 Muharram 1446
Corresponding to: 16 July 2024

Published in Umm Al-Qura 5041 issued on 2 August 2024.

Categories
Ministerial Decision

Real Estate General Authority: Decision 4600000327 Announcing the Title Registration of the Real Estate in the Twenty-Second Real Estate Zone in Riyadh

Arabic Auto Translate

Issued on: 9 Muharram 1446
Corresponding to: 15 July 2024

Published in Umm Al-Qura 5040 issued on 26 July 2024.

Categories
Laws and Regulations

Memorandum of Understanding between the Government of Kingdom of Saudi Arabia and the Government of the Republic of Singapore in the Field of Human Capital Growth and Leadership Development in the Private Sector

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Categories
Royal Decree

Royal Decree D/13 Approving a Memorandum of Understanding between the Governments of Saudi and Singapore for Cooperation in the Field of Human Capital Growth and Leadership Development in the Public Sector in Both Countries

Arabic

With the help of Allah the Almighty

We, Salman bin Abdulaziz Al-Saud,

the King of the Kingdom of Saudi Arabia,

based on article 70 of the Basic Law of Governance issued by Royal Order O/90 dated 27 Sha’ban 1412 [2 March 1992],

based on article 20 of the Law of the Council of Ministers issued by Royal Order O/13 dated 3 Rabi Al-Awwal 1414 [21 August 1993],

based on article 18 of the Law of the Shura Council issued by Royal Order O/91 dated 27 Sha’ban 1412 [2 March 1992],

after perusal of Shura Council Decision 120/14 dated 5 Jumada Al-Thani 1445 [18 December 2023],

and after perusal of Council of Ministers Decision 15 dated 3 Muharram 1446 [10 July 2024],

have decreed as follows

First

The Memorandum of Understanding between the Government of Saudi and the Government of Singapore for Cooperation in the Field of Human Capital Growth and Leadership Development in the Public Sector in the Two Countries signed in the city of Riyadh on 3 Rabi Al-Thani 1445, corresponding to 18 October 2023, is hereby approved in the form attached.

Second

His Royal Highness the Prime Minister, the ministers, and the heads of independent concerned authorities—each within their area of competence—shall implement this decree of Ours.

Salman bin Abdulaziz Al-Saud

Issued on: 8 Muharram 1446
Corresponding to: 14 July 2024

Published in Umm Al-Qura 5041 issued on 2 August 2024.

Categories
Laws and Regulations

Rules Governing Zakat and Tax Accounting Services

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Ministerial Decision

Saudi Organization for Chartered and Professional Accountants: Decision 1/4 Adopting the Rules Governing Zakat and Tax Accounting Services

Arabic Auto Translate

Issued on: 5 Muharram 1446
Corresponding to: 12 July 2024

Published in Umm Al-Qura 5050 issued on 4 October 2024.

Categories
Ministerial Decision

Transport General Authority: Decision 1/914 Permitting Replacing and Adding Cars to the Activity of General Taxis

Arabic

The Minister of Transport and Logistics Services,

based on the powers entrusted to him by law,

after perusal of the Law on Public Transport on Roads of the Kingdom of Saudi Arabia issued by Royal Decree D/25 dated 21 Jumada Al-Thani 1397 [17 June 2074],

after perusal of the System of the Transport General Authority issued by Council of Ministers Decision 323 dated 14 Ramadan 1434 [22 July 2013] and its amendments,

after perusal of the Regulation Governing the Activity of Taxi, Taxi Broker, and Car E-hailing issued by Decision 13/41/1 dated 27 Muharram 1441 [27 September 2019],

after perusal of the Minister of Transport and Logistics Services Decision 1130 dated 30 Rabi Al-Thani 1445 [14 November 2023],

after perusal of Board of Directors of the Transport General Authority Decision 6/8/2023/3 dated 19 Dhu Al-Qa’dah 1444 [8 June 2023],

and after perusal of the Chairman of the Transport General Authority Decision 170/41/1 dated 1 Rajab 1441 [25 February 2020],

and in pursuance of public interest,

hereby decides

First

As an exception to Decision 1130 dated 30 Rabi Al-Thani 1445 [14 November 2023], establishments licensed in public rental activity in each of the following cities (Riyadh, Jeddah, and Dammam) are hereby permitted the following:

1. The possibility for establishments licensed in the activity that have not completed the minimum necessary to practise the activity to add cars, provided that the number of cars in the establishment does not exceed the minimum necessary to practise the activity.

2. The possibility for establishments licensed in the activity to replace vehicles that have exited the activity due to the end of their operational life by the end of 2023 and beyond, or to replace vehicles whose operational life has not expired operating in the activity and for which an operating card (valid/expired) has been issued with new vehicles.

Second

This decision must be published in the official gazette, and comes into force on the date of publication.

Third

The Acting President of the General Authority for Transport must take the necessary measures to implement the decision.

May Allah provide success.

Minister of Transport and Logistics Services
 Saleh bin Nasser Al-Jasser

Issued on: 4 Muharram 1446
Corresponding to: 10 July 2024

Published in Umm Al-Qura 5040 issued on 26 July 2024.