PM: Amendments to Tax Law will not affect individuals, middle class | Jordan News | Ammon News



PM: Amendments to Tax Law will not affect individuals, middle class


[9/11/2017 8:02:50 AM]

AMMONNEWS - Prime Minister Hani Al Mulki said that revisiting the Income Tax Law will not affect exemptions granted to individuals as well as the middle class in the proposed amendments to the law.

During a dialogue session that was organized by the Jordan Strategic Forum on Monday, Al Mulki said that any amendment to the Income Tax law will not affect the middle class, noting that the government will examine other measures to prevent tax evasion and enhance tax collection. "We are not in a hurry, we will hold a comprehensive dialogue on the law to make sure that the law will not be amended every two years," he added.

The government, Al Mulki said, will inform the International Monetary Fund that it will reconsider the Income Tax Law, but this does not mean that any amendment will affect the middle class and segments that are granted exemptions under the current law.

The prime minister highlighted the importance of addressing tax imbalances to ensure a better economic growth, noting that the government will not stop exemptions but will reconsider them to know their economic impact.

He stressed that the government will continue the financial control policy, noting that capital expenditure will conform with the economic stimulation plan that includes capital projects values at JD9.5 million during the period 2018-2022.

The prime minister also reviewed the economic stimulation plan that was approved by the Cabinet early this year.

The plan targets 19 sectors through 95 economic reform procedures and 85 government projects with a cost of JD6.9 billion and 27 private sector investment opportunities worth JD9.5 billion.

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