House committee approves ASEZA law amendments

House Committee
(Photo: Petra)
AMMAN — On Wednesday, the Lower House Economy and Investment Committee approved amendments to Aqaba Special Economic Zone Authority (ASEZA) Law for 2022, the Jordan News Agency, Petra, reported. اضافة اعلان


During a meeting, committee chairman MP Omar Naber presented the justification for the bill,  which included requiring foreign companies to register at ASEZA, retracting the reference to social services tax as its law was abolished, and aligning the authority's tax system with international tax standards and rules.


Following consultations with stakeholders, Naber said the committee approved the bill's articles after making the necessary amendments.


The committee's members said amendments seek to encourage investment in Aqaba to increase an appeal to foreign companies.


Meanwhile, Income and Sales Tax Department director-general, Husam Abu Ali, said the government’s main goal focuses on stimulating Aqaba's economic activity, adding that incentives and privileges are given to investors wishing to launch their projects in the port city and employ Jordanians.


The bill was introduced to stimulate investment in the real estate and housing sector and increase the related trading volume by lowering fees collected in relation to property value for sale and donation contracts.



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