Tax revenue up 13%

income tax
Income and Sales Tax Department. (File photo: Jordan News)
AMMAN — Tax revenues increased by 13 percent, or JD413 million, in the first seven months of this year, compared with the same period of 2021, said director-general of the Income and Sales Tax Department, Hussam Abu Ali, according to Al-Ghad News.

The total value of tax revenues amounted to JD3.57 billion at the end of July, with revenues recording JD3.15 billion in the same period in 2021.

Income tax accounted for 34.3 percent of the total revenues, Abu Ali said. He said it amounted to JD1.23 billion.

In the 2022 fiscal budget, the government estimated that domestic tax revenues would reach about JD6.08 billion, accounting for 75 percent of  the overall taxing revenue, estimated at JD8.06 billion.

The government also projected that money to be generated from  income tax will reach JD1.28 billion at the end of 2022, another JD4.26 billion in sales tax, and JD355 million in taxes to be collected from various transactions, such as international trade.AMMAN — Police arrested one of the most wanted fugitives in the Kingdom after ambushing him west of the Balqa Governorate, according to the Jordan News Agency, Petra.

The suspect is sought for alleged murder, drug dealing, terrorizing citizens, discharging a weapon, robbery, and kidnapping, according to the Public Security Directorate (PSD) spokesperson.

The spokesperson said Tuesday the man had been laying low for a long time, but police investigators were able to track his whereabouts through an extensive probe conducted over the past few weeks.

After identifying his location, police set a trap for the wanted man and caught him off guard, rendering him unable to resist arrest or discharge his gun and rapidly and professionally snared the fugitive, according to the spokesperson.

The spokesperson added that the suspect has been turned to the concerned judicial authorities to stand trial. اضافة اعلان



Read more Business
Jordan News