Introduction Essentially, the Proposed Law aims to widen the applicability of income tax on Residents and Non-Residents who enter into any business, investment, or property-related transactions. It also aims to bring the income tax regime in line with international best practices by removing ambiguities vis-à-vis taxable persons,  taxable income, tax base, exemptions, deductions, etc. This short note highlights the major provisions under the Law. Legal or Natural Resident As the income tax applies to non-Saudi persons, the first and foremost issue relates to defining the Legal and Natural Resident and Non-Resident Persons. The Proposed Law distinguishes not only residents and non-residents but also defines in greater detail Legal Resident Persons (Legal Person) and Natural Resident Persons (Natural Persons). Legal Resident