This Decision by the ZATCA Board of Directors amends the VAT Implementing Regulations, specifically clarifying the rules for treating the transfer of an economic activity as a non-taxable supply. It modifies and adds paragraphs to Article 17, establishing detailed conditions that must be met. These include requirements for the transferred assets to constitute an independently operable business, the transferee to be a taxable person, and a written agreement between parties. The Decision also mandates formal notification to the Authority, outlining specific details and post-transfer responsibilities for tax obligations, thereby ensuring greater regulatory clarity and compliance.