Parliament

House of Representatives approves an article related to income tax

Amman Today

publish date 2022-08-22 17:17:20

The deputies approved the article that says “Despite what is stated in the Income Tax Law, the due income tax shall be exempted or reduced by no less than (30%) on economic activities in the less developed regions of the Kingdom or projects that operate (250) Jordanians over the least, and for a maximum period of (5) years, and the provisions related to this are determined by virtue of a system that includes economic activities that enjoy exemption from income tax, economic activities that enjoy a reduction from income tax and the reduction rates for each, and the bases, standards, conditions and periods of enjoyment of exemption or reduction from income tax And economic activities that are exempted from exemption or reduction from income tax, and identifying the least developed regions in the Kingdom for the purposes of enjoying exemption or reduction from income tax when carrying out economic activity in them.

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Parliament of Jordan

Source : اخبار الاردن

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