The Jordanian government is looking for comments on a revised draft of its controversial income tax bill.
Prime minister Omar al-Razzaz has withdrawn the previous bill, which sparked angry protests across the kingdom and forced the former prime minister, Hani al-Mulqi to resign.
The new draft bill taxes individuals whose annual income exceeds 9,000 Jordanian Dinars ($12,700) as well as families whose yearly income exceeds 18,000 Jordanian Dinars ($25,300). In addition, 90% of military retirees, civil servants and Social Security Corporation (SSC) subscribers will not be affected by the bill, according to Xinhuanet.
The bill also proposes reducing the minimum income of taxable families to 17,000 Jordanian Dinars ($23,900) by 2020. There are 18 exemptions from taxation, said Middle East Monitor, including income earned by investors from sources outside the kingdom.
The government will review the comments on the draft law before passing it. It will then be referred to parliament for revision before the king issues a royal decree approving it.
The bill is part of reforms under a deal signed between Jordan and the International Monetary Fund, which has called on Jordan to handle 100 million Jordanian Dinars ($141 million) in tax evasion and 180 million JDs ($253.8 million) in income tax.
Sources: Middle East Monitor, Xinhuanet
The Jordanian government is looking for comments on a revised draft of its controversial income tax bill.
Prime minister Omar al-Razzaz has withdrawn the previous bill, which sparked angry protests across the kingdom and forced the former prime minister, Hani al-Mulqi to resign.
The new draft bill taxes individuals whose annual income exceeds 9,000 Jordanian Dinars ($12,700) as well as families whose yearly income exceeds 18,000 Jordanian Dinars ($25,300). In addition, 90% of military retirees, civil servants and Social Security Corporation (SSC) subscribers will not be affected by the bill, according to Xinhuanet.
The bill also proposes reducing the minimum income of taxable families to 17,000 Jordanian Dinars ($23,900) by 2020. There are 18 exemptions from taxation, said Middle East Monitor, including income earned by investors from sources outside the kingdom.
The government will review the comments on the draft law before passing it. It will then be referred to parliament for revision before the king issues a royal decree approving it.
The bill is part of reforms under a deal signed between Jordan and the International Monetary Fund, which has called on Jordan to handle 100 million Jordanian Dinars ($141 million) in tax evasion and 180 million JDs ($253.8 million) in income tax.
Sources: Middle East Monitor, Xinhuanet
