Issued on: 14 Muharram 1446
Corresponding to: 20 July 2024
Published in Umm Al-Qura 5040 issued on 26 July 2024.
Category: Ministerial Decision
Issued on: 11 Muharram 1446
Corresponding to: 17 July 2024
Published in Umm Al-Qura 5040 issued on 26 July 2024.
Issued on: 9 Muharram 1446
Corresponding to: 15 July 2024
Published in Umm Al-Qura 5040 issued on 26 July 2024.
Issued on: 4 Muharram 1446
Corresponding to: 10 July 2024
Published in Umm Al-Qura 5040 issued on 26 July 2024.
The Minister of Finance,
based on the powers entrusted to him by law,
after perusal of the Social Insurance Law issued by Royal Decree D/273 dated 26 Dhu Al-Hijja 1445 [3 July 2024], and Board of Directors of the General Organization for Social Insurance Decision 1490 dated 26 Dhu Al-Hijja 1445 [3 July 2024], regarding the approval of the executive regulation of the law,
hereby decides
First
The Executive Regulation of the Social Insurance Law issued by Royal Decree D/273 dated 26 Dhu Al-Hijja 1445 [3 July 2024] is hereby approved in accordance with the form attached to this decision.
Second
This decision must be published in the official gazette, and comes into force on 3 July 2024.
Third
The Governor of the General Organization for Social Insurance shall work to implement this decision.
May Allah provide success.
Mohammed bin Abdullah Al-Jadaan
Minister of Finance
Chairman of the Board of Directors of the General Organization for Social Insurance
Issued on: 26 Dhu Al-Hijja 1445
Corresponding to: 2 July 2024
Published in Umm Al-Qura 5038 issued on 13 July 2024.
Issued on: 18 Dhu Al-Hijja 1445
Corresponding to: 24 June 2024
Published in Umm Al-Qura 5040 issued on 26 July 2024.
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 [19 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 7,000,000 (seven million) Riyals shall commit to linking their electronic invoicing systems, sending electronic invoices and electronic notices, and sharing their data with the authority—the tenth stage of linking electronic invoicing systems with the systems of the authority—as of 1 January 2025, and until the latest of 31 March 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 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: 6 Dhu Al-Hijja 1445
Corresponding to: 12 June 2024
Published in Umm Al-Qura 5036 issued on 28 June 2024.
Issued on: 28 Dhu Al-Qa’dah 1445
Corresponding to: 5 June 2024
Published in Umm Al-Qura 5037 issued on 5 July 2024.
Issued on: 29 Dhu Al-Qa’dah 1445
Corresponding to: 6 June 2024
Published in Umm Al-Qura 5038 issued on 13 July 2024.
The Minister of Commerce,
based on the powers entrusted to him by law,
based on article 262(e) and 267(1) of the Companies Law issued by Royal Decree D/132 dated 1 Dhu Al-Hijja 1443 [30 June 2022],
and after perusal of article 94 of the Executive Regulation of the Companies Law promulgated by Ministerial Decision 284 dated 23 Jumada Al-Thani 1444 [16 January 2023],
and in pursuance of public interest,
hereby decides
First
A direct punishment is hereby imposed on anyone who violates his duty to deposit the financial statements in accordance with the provisions of the Companies Law and its executive regulation. The fine must be imposed on every violator in accordance with the following:
|
Forms of companies other than the unlisted joint stock company |
||
| Capital | Number of managers |
Fine |
| Less than 500,000 (five hundred thousand) Riyal | One manager | 8,000 (eight thousand) Riyal |
| Two managers and more | 4,000 (four thousand) Riyal | |
| 500,000 (five hundred thousand) Riyal and more | One manager | 12,000 (twelve thousand) Riyal |
| Two managers and more | 6,000 (six thousand) Riyal | |
|
Unlisted joint stock company |
|
| Capital |
Fine |
| Less than 5,000,000 (five million) Riyal | 15,000 (fifteen thousand) Riyal |
| 5,000,000 (five million) Riyal and more | 20,000 (twenty thousand) Riyal |
Second
In the event that the violation of non-deposit of the financial statements is repeated during the legal period of the fiscal year following the previous violation decision that is considered final, the fine is increased by 50%.
Third
The mechanism for notifying the direct violation decision is in accordance with the mechanism stipulated in article 94 of the Executive Regulation of the Companies Law.
Fourth
This decision must be published in the official gazette, and comes into force on 1 July 2024.
Minister of Commerce
Dr Majid bin Abdullah Al-Kassabi
Issued on: 27 Dhu Al-Qa’dah 1445
Corresponding to: 4 June 2024
Published in Umm Al-Qura 5036 issued on 28 June 2024.