2003 News Story
 

12/22/2003
Shura Council passes investment tax system

The Consultative Council (Majlis Al-Shura) today approved the new natural gas investment tax system.  In a statement to Saudi Press Agency, Dr. Hamoud Al-Badr, Secretary-General of the Shura Council, said the 14-article natural gas investment tax system sets a fix tax rate on companies awarded concessions.


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