A new regulation grants the Non-Oil Revenue Center the powers to impose fees and review taxes

This organization comes to give the center a pivotal role in leading efforts to develop non-oil revenues, through developing initiatives and operational models, and enhancing integration between government agencies, which contributes to improving the efficiency of financial performance and raising the quality of resource management.

broad competencies to support revenues and regulate fees

The organization granted the center A wide range of specializations that allow it to intervene directly in the development of the non-oil revenue system, as it proposes draft relevant laws and regulations, and works to update them in coordination with the Ministry of Finance, in accordance with the approved regulatory procedures.

The center specializes in studying and reviewing requests related to imposing, amending or canceling fees and financial compensation, and making recommendations regarding them, in addition to supporting government agencies in studying proposals to impose taxes before completing their regulatory procedures.

The role of the center extends to providing proposals aimed at Raising the efficiency of revenue collection, and completing what is necessary regarding it, in addition to supporting government agencies in the stages of studying, evaluating, signing, and renewing contracts that entail collecting financial compensation for providing services.

A unified database and continuous monitoring of performance

The regulation requires government agencies to coordinate with the Center to provide it with all data and information related to fees, wages, and financial compensation imposed on individuals and the public and private sectors, while submitting detailed annual reports on revenues.

The Center is responsible for following up Reviewing approved initiatives and programs related to non-oil revenues, and proposing the necessary amendments to ensure their sustainability and achieving their goals, in addition to preparing periodic reports that compare the results achieved with goals and expectations, with an analysis of the efficiency of collection by government agencies.

Formulating policies and participating in strategies

The organization assigned the center the responsibility of developing policies, plans, standards, guides, and methodologies related to its powers, and following up on their application after their approval, as well as participating in studying government policies and strategies that affect non-oil revenues.

The Center also participates in evaluating opportunities to exploit government assets to achieve additional financial returns, and provides technical support to government agencies with regard to developing or amending their policies in a way that reflects on revenues.

International partnerships and support for research and development

The organization has opened the way for the Center to conclude agreements and memorandums of understanding with parties outside the Kingdom, in a way that enhances the exchange of experiences and the transfer of knowledge, in addition to organizing conferences, seminars and specialized workshops, and participating in them locally and internationally.

– The Center is responsible for supporting and conducting research and studies in Its areas of competence, whether individually or in cooperation with relevant authorities, in addition to representing the Kingdom externally within the scope of its duties.

Board of Directors headed by the Minister and an integrated governance structure

The regulation stipulates the formation of a Board of Directors for the Center headed by the Minister, with the membership of a number of officials, including the Minister of Economy and Planning, the Secretary of the Strategic Committee of the Council of Economic and Development Affairs, and the Secretary of the Finance Committee of the Royal Court, in addition to the CEO of the Center.

The Council is responsible for supervising the management of the Center’s affairs and taking the necessary decisions to achieve its objectives, including It includes approving policies and plans, approving financial and administrative regulations, and approving the annual budget, final account, and periodic reports.

The Board has the authority to approve agreements and contracts, form committees, and request data from government agencies, in addition to establishing branches or offices for the Center, and appointing an external auditor and an internal financial controller.

Flexible work mechanisms and periodic meetings

The organization specifies the work mechanism of the Board of Directors, as it holds its meetings at least once every three months, with the possibility of holding additional meetings when Necessity, and the validity of the meetings requires the presence of a majority, provided that decisions are issued by a majority of votes.

The organization allowed holding meetings and voting remotely using technical means, and taking decisions by passing, with all deliberations documented in official records in Arabic.

The CEO… comprehensive executive powers

The organization entrusted the management of the center to a CEO appointed by a decision of the Board of Directors, who is responsible for implementing policies and managing daily operations, as his powers include preparing strategies and plans, and proposing The organizational structure and regulations, and supervising the preparation of the budget and annual reports.

The CEO is responsible for contracting with advisory bodies, appointing employees, following up on the implementation of the Council’s decisions, and representing the Center before judicial and governmental authorities, in addition to submitting periodic reports and proposals related to non-oil revenues.

Diverse financial resources and a disciplined financial system

The organization has specified the sources of funding for the Center, which include the appropriations allocated to it in the state’s general budget, in addition to gifts, donations, grants, and royalties. Endowments, and any other resources approved by the Board of Directors in a manner that does not conflict with the regulations.

It also stipulated that all revenues be deposited through the “Irad” platform in the unified treasury account at the Central Bank of Saudi Arabia, with the possibility of opening additional accounts in accordance with the approved controls.

Independent budget and periodic reports for the leadership

The organization confirmed that the center has an independent annual budget, consistent with the state’s general budget arrangements, and that its fiscal year coincides with the state’s fiscal year.

It also obligated the center to submit a report. Annually to the Prime Minister within 90 days from the beginning of each fiscal year, which includes its achievements and the challenges it faced, in addition to proposals for developing performance.

The Center is committed to raising its final account during the same period, after reviewing it by an external auditor, and providing the regulatory authorities with a copy of the report.

Accurate financial and supervisory governance

The Center is subject to financial oversight by appointing an external auditor to audit accounts and transactions, in addition to the presence of an internal financial controller, in order to enhance transparency. And financial discipline.

The center’s employees are also subject to the labor system and the social insurance system, within the framework of regulating the employment relationship and ensuring rights.