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Exemption Related to Imports
Excise goods imported by travelers coming to Saudi Arabia along with their personal luggage are exempt from the tax if the goods are exempt from customs duties under the unified customs law.
Custodian
A person who is authorized under the Capital Market Institutions Regulations to conduct the securities activity of custody.
Deflation
A decline in the general price level of goods and services, increasing the purchasing power of money.
Estimated Revenues
Revenue expected to be collected over a specific future period.
Indirect Revenues
Revenues accrued for the entity from secondary activities or services that do not represent its primary operations, and that are authorized under its governing regulations and executive bylaws.
Actual Revenues
Revenues that have been collected in the current account of the Ministry of Finance during the fiscal year.
Warranty Card
A card issued by a guarantor or surety proving the carrier is covered by a bond hereunder ac- cording to the provisions of the Agreement on the Regulation of “Transit” Transport among Arab States.
Customs Declaration
A declaration submitted by the importer, or his representative, specifying the distinguishing elements of the declared goods and their quantity in detail in accordance with the Unified Customs System.
Income Statement
A financial report that presents an organization's revenue, expenses, and net profit or loss over a specific period.
Bid Opening Date
The date of opening all received offers by the government body publicly and in the presence of suppliers and bidders.
Updated Cash Flow Forecast
A revise of the cash flow forecast that incorporates new inputs to maintain an accurate and up-to-date outlook on expected cash flows.
Benefits and Deductions Analysis
Quantitative analysis of total benefits and discounts based on job rank, or job category, and the bank to which the salary is transferred.
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