AMMAN —
Representative of the clothing, shoes, fabrics, and jewelry sector at the
Jordan Chamber of Commerce Asaad Al-Qawasmi has called on the government to
reduce the sales tax by half, from 16 percent to 8 percent, noting that customs
and tax duties constitute 38 percent of the cost of clothing, and 37 percent of
the cost of shoes, Al-Mamlaka TV reported.
At a press
conference held on Sunday, Qawasmi said that current offers and discounts on
clothing and footwear have failed to stimulate sales.
He pointed out
that merchants resorted to making offers on summer goods because they needed to
dispose of stocks and provide liquidity, noting that the summer season of 2022
was one of the harshest in the past five years, as tourism and expatriates’
visits to the Kingdom did not affect the local market.
Qawasmi said that
merchants had imported JD55 million worth of winter goods by mid-September, out
of the JD200 million total imports of clothes and shoes, compared to JD156 million
in the same period last year, an increase of 27 percent.
He pointed out that the
increase in the value of imports does not reflect the consumers’ purchasing
power, but rather a willingness and hope that the markets will recover again.
Read more Business
Jordan News
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AMMAN —
Representative of the clothing, shoes, fabrics, and jewelry sector at the
Jordan Chamber of Commerce Asaad Al-Qawasmi has called on the government to
reduce the sales tax by half, from 16 percent to 8 percent, noting that customs
and tax duties constitute 38 percent of the cost of clothing, and 37 percent of
the cost of shoes, Al-Mamlaka TV reported.
At a press
conference held on Sunday, Qawasmi said that current offers and discounts on
clothing and footwear have failed to stimulate sales.
He pointed out
that merchants resorted to making offers on summer goods because they needed to
dispose of stocks and provide liquidity, noting that the summer season of 2022
was one of the harshest in the past five years, as tourism and expatriates’
visits to the Kingdom did not affect the local market.
Qawasmi said that
merchants had imported JD55 million worth of winter goods by mid-September, out
of the JD200 million total imports of clothes and shoes, compared to JD156 million
in the same period last year, an increase of 27 percent.
He pointed out that the
increase in the value of imports does not reflect the consumers’ purchasing
power, but rather a willingness and hope that the markets will recover again.
Read more Business
Jordan News
