Connect with us

Hi, what are you looking for?

Bnreport Business News Report

Finance

Jordan sales and income tax collections increased by 8% over 2019

Jordan's 2020 income and sales tax collections increased by 8% compared to 2019.

The Income and Sales Tax Department in Jordan announced that the total income and sales tax collections during 2020 reached 4.668 billion dinars, compared to 4,323 billion dinars collected during 2019.

Hussam Abu Ali head of the department said in a press release that 2020 income and sales tax collections increased by 8% compared to 2019.

Abu Ali indicated in the statement, that “sales tax collections during 2020 amounted to 3.530 billion dinars compared to 3.302 billion dinars collected during the year 2019.

The total increase difference is 227 million dinars, which is a 7% increase, according to the government statement.

Abu Ali added that income tax collections increased during 2020 to 1.138 billion dinars from 1.020 billion dinars in 2019, an increase of 118 million dinars, that is, 12%.

Abu Ali said the department developed and implemented a reform plan during 2020 that had a positive impact on collections, despite the Coronavirus pandemic.

He said the plan expanded the tax base and fought tax evasion.

He also noted that the department’s application of international standers, especially in tax audit procedures, had an effective impact in raising the efficiency of auditing, which had a positive impact on collections.

The Jordanian government official also confirmed, “the strengthening of confidence with taxpayers, which was achieved during the past year, had a positive effect especially with regard to the application of settlements and reconciliation with the taxpayers who have outstanding issues”.

Related:

Libya Approves New Exchange Rate In A Bid To Save Economy

Jordan’s 2021 budget is a harbinger of worse things to come

You May Also Like

Politics

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae.

Finance

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Tech

Enlarge/ You wouldn't really want to use Nvidia's ..

Finance

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora.

%d bloggers like this: