Fuel tax revenues increased from JD463 in 2015 to JD1.070b in 2019

(File photo: Ameer Khalifeh/Jordan News)
AMMAN — Minister of Finance Mohamad Al-Ississ said, on Monday, that the current government inherited numerous struggles, the most prominent of which is tax system distortion.اضافة اعلان

In the past decade, he added, the government dealt with this distortion by raising consumer tax rates, including taxes on fuel, placing a heavier burden on middle-class and low-income families.

From 2015 to 2019, he said, fuel tax revenues have increased from about JD463 million to about JD1.070 billion.

The economy has also suffered from missed opportunities and misplaced priorities, he added.  

The current government has developed fiscal policy directions that include addressing distortions, imbalances, and loopholes in tax legislation to combat tax evasion and address tax avoidance said Ississ. It has also introduced legislative amendments that have contributed to increasing tax compliance, expanding the base of taxpayers, and raising the efficiency of auditing and tax collection, he added.

Ississ added that the customs tariff has been restructured and relevant control authorities at the border crossings are now unified and integrated under the umbrella of the Customs Department.

Accordingly, income from tax revenues will increase in 2023 by approximately 14.4 percent, and sales tax revenues will rise by approximately 9.2 percent.

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