Government decision to cut taxes will prop up garment sector, says syndicate

[12-01-2022 10:56 AM]

Ammon News - Tax exemptions and reductions announced by the government will enhance the apparel and leather industry's purchasing power, revitalize the economy and reduce the impact of rising global freight rates, the sector's association said.

Reacting to the decision to standardize tax at 5% and exempt over 53 per cent of imported commodities from customs fees, said the Apparel, Leather and Textile Traders Association, adding it will help turn Jordan into a strategic production, industrial and reproduction hub, generate jobs and promote shopping tourism.

The decision is a "step in the right direction" as it activates sectors associated with the clothing, textile and leather business, including transport, tourism, restaurants and clearance, strikes fairness among commercial sectors and narrows the gap between the postal and traditional parcel trade.

The syndicate said it will look into the positive and negative effects of the government's decision to reduce customs duties and assess the tax and customs burden of imports and exports after six months, and offer proposals and solutions to the cabinet in this respect.

  • no comments

All comments are reviewed and posted only if approved.
Ammon News reserves the right to delete any comment at any time, and for any reason, and will not publish any comment containing offense or deviating from the subject at hand, or to include the names of any personalities or to stir up sectarian, sectarian or racial strife, hoping to adhere to a high level of the comments as they express The extent of the progress and culture of Ammon News' visitors, noting that the comments are expressed only by the owners.
name : *
show email
comment : *
Verification code : Refresh
write code :