Senators dug in over ASEZ bill

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Home Jordan News Senators dug in over ASEZ bill 15-03-2022 02:29 PM Ammon News - The Senate on Tuesday held its ground on a bill increasing the Aqaba Special Economic Zone's (ASEZ) share of tax collections in the southern city, although the draft was turned down by the Lower House twice. The bill, as submitted by the government, raises the southern city's share of income and sales taxes collections to 40 per cent from a currently 25 per cent. The proposal was passed by the Senate, but the lower house voted down the amendment in two occasions. According to the constitution, a draft legislation needs passage by both chambers of parliament before being signed into law by His Majesty the King. If the two houses fail to agree, they are convened in a joint session for a majority vote. However, recent amendments to the constitution allow the two chambers to set up a committee to resolve the conflict and submit recommendations for final approval.

Home Jordan News

Senators dug in over ASEZ bill

15-03-2022 02:29 PM

Ammon News - The Senate on Tuesday held its ground on a bill increasing the Aqaba Special Economic Zone's (ASEZ) share of tax collections in the southern city, although the draft was turned down by the Lower House twice.

The bill, as submitted by the government, raises the southern city's share of income and sales taxes collections to 40 per cent from a currently 25 per cent. The proposal was passed by the Senate, but the lower house voted down the amendment in two occasions.

According to the constitution, a draft legislation needs passage by both chambers of parliament before being signed into law by His Majesty the King. If the two houses fail to agree, they are convened in a joint session for a majority vote.

However, recent amendments to the constitution allow the two chambers to set up a committee to resolve the conflict and submit recommendations for final approval.

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