INSEAD Day 4 - 728x90

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Jordan to amend General Sales Tax Law to curb tax evasion

The draft law seeks to help lessen tax evasion. (Twitter)
  • According to Jamal Sarayrah, head of the committee, amendments seek to bring about adherence to tax payment and reduction in tax evasion
  • The committee will develop a set of recommendations on the the draft law, which would then be submitted to Senate's presidency for deliberation

To curb tax evasion in Jordan, the Senate’s Finance and Economic Committee has approved a slew of amendments to the General Sales Tax Law 2021, referred to them by the Lower House.

According to Jamal Sarayrah, head of the committee, amendments seek to achieve reform in mechanisms to pay tax in order to align it with global practices and to bring about reduction in tax evasion.

The draft law seeks to help lessen tax evasion and avoidance, by addressing loopholes used by some taxpayers and tackling problems related to delay in refunding sales tax.

Sarayrah noted the committee agreed to develop a set of recommendations on the the draft law, which would be then submitted to Senate’s presidency for deliberation.