October 1 2022 8:29 AM E-paper Subscribe Sign in My Account Sign out

Senate rejects, again, amended ASEZA draft legislation

ASEZA
(Photo: Jordan News)
AMMAN — The Senate's Financial and Economic Committee on Monday oppose the Lower House's position on the draft legislation amending the Aqaba Special Economic Zone (ASEZA) draft legislation, according to Jordan News Agency, Petra.اضافة اعلان

The Lower House has twice turned down a government amendment to the law increasing ASEZA's share of income and sales taxes to 40 per cent, instead of 25 per cent, but the Senate stood by the government’s version to increase the tax.

If the Senate upholds its financial committee's position, the two chambers will convene in a joint session to try to find common ground.

Recent constitutional changes contain an amendment whereby a joint committee will be formed to settle any contentious issues and come up with a final decision and pass it to the two chambers.

Read more National news