AMMAN —
Income and Sales Tax Department consultant Moussa
Al Tarawneh said that the amended draft of the Income and Sales Tax Law comes
in response to the demands of
merchants and industrialists, as it is based on
giving back refunds from total collected tax, rather than from allocating
separate funds for tax refunds.
اضافة اعلان
Under the new amendments, according to Tarawneh, refunding
timeframes would be cut to the third, as there would be no need for waiting for
allocations from next year’s budget, which enhances businesses’ liquidity and
revitalizes economic activity.
The proposed amendments do not entail imposing or increasing
any taxes, according to the consultant, rather it resolves “gaps and
distortions” that lead to tax evasion, by ensuring that providers of both goods
and services will be treated equally when it comes to taxation.
The Jordan News Agency, Petra, said that the amendments,
referred to the Prime Ministry by the Finance Ministry on Saturday, seeks
alignment with international standards regarding subjecting both goods and
services to the sales tax.
According to Petra, the new amendments also seek to combat
tax evasion by bridging the gaps in the law, and hastening the reimbursement of
tax refunds.
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