31/08/2022

Total tax revenue increased about 13% during the first seven months from this year or about 413 million dinars compared to the same period last year according to the Director General of the ISTD Husam Abu Ali.

according to Abu Ali, income tax accounted for 34,3% from total revenue amounted 1,225 billion dinars within the first seven months from this year.

 In the current year budget, the government estimate that the  tax revenue reached about 6,08 billion JD, accounted to 75% from local   revenue which are estimated to reach 8,06 billion.

The government estimated that the value of income tax by the end of this year would reach about 1,28  billion JDs, about 4,26 billion in sales tax, and about 355 million dinars in taxes on international trade and transaction.

Finally, the Jordainian senate approved a draft law amending the general sales tax law as received at the parliament.

 Finance  Minister Mohammad Al-Assiss said : "The amendment of the sales tax law comes within the governments clear strategy to reduce tax evasion and avoidance and maintain financial stability, Adding that the project of law unifies the tax administration.

A pointed that the amendments include the first amendment from the start of sale to principle of supply, and the other amendment aims to control practice tax avoidance in addition to shortening the period of disbursing tax refunds from six months to two months.

On the other hand, the second phase of the income tax law  enters into force from the beginning of the year  2020 to be reduce the amount of the income tax exemption for the single individual to 9000 dinars annually compared to 10000 dinar in 2019 and reduce the family exemption to 18000 dinar annually instead of 20000.

That means: the single individual income that is 750 dinar above is a taxable income. Family income that is 1500 dinar a month Above is a  taxable income.   

The tax is collected for the natural person from the taxable income at the rate of 5% for each dinar of the first 5,000 dinars in one year, 10% for each dinar of the next 5,000 JD (he gets 10,000 above the exemptions) and 15% for each dinar of the five Next thousand (he gets 15 thousand dinars above the exemptions).

  Reducing the tax rate imposed on the fourth tranche whose income exceeds the permitted exemptions by 15 thousand dinars and is less than 20 thousand dinars, as it was imposed on it at a rate of 20% for each dinar of the next five thousand dinars and a rate of 25% for each dinar after 20 thousand dinars and up to one million dinars And the imposition of a tax of 30% on each dinar of taxable income for the taxpayer that exceeds one million dinars.

As for the family, the amount of exemptions for the family decreases to 18,000 dinars in the current year, in addition to bills of 5,000 dinars, with a maximum of 5 individuals, including the husband and wife and 3 children, at a rate of 1,000 dinars for each family member.