IMF: Report Looks At Jordan’s Fiscal Position
On 20 December 2021 the IMF released a report following the third review under Jordan’s extended arrangement. The report noted that Jordan has remained on course with the reform program supported by the IMF, with macroeconomic stability
See MoreJordan issues Executive Instructions on new TP rules for MNE groups
On 16 September 2021, the Hashemite Kingdom of Jordan has published Executive Instructions No. 3 of 2021 regarding new transfer pricing (TP) rules for MNE groups. Jordan has published Regulation No. 40 of 2021 On 7 June 2021 which introduces
See MoreJordan deposits ratification instrument for the convention on mutual administrative assistance in tax matters
On 11 August 2021, Jordan has deposited its instrument of ratification for the multilateral convention on mutual administrative assistance in tax matters. The Convention will enter into force for Jordan on 1 December 2021 and will generally apply
See MoreJordan introduces transfer pricing rules for MNE groups
On 7 June 2021, the Hashemite Kingdom of Jordan has published Regulation No. 40 of 2021 in the Official Gazette. The Regulation has introduced transfer pricing rules for multinational entity (MNE) groups with effect from 7 July 2021. The Regulation
See MoreJordan: ISTD invites taxpayers to file 2020 income tax return & payment
On 16 May 2021, Jordan’s Income and Sales Tax Department (ISTD) called the taxpayers required to submit income tax returns for the fiscal year 2020 who did not submit them during the legal period that ended at the beginning of this week and the
See MoreJordan ratifies BEPS multilateral convention (MLI)
On 29 September 2020, Jordan deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) with the OECD. The MLI will enter into force for Jordan
See MoreCyprus and Jordan agree to negotiate DTA
On 10 October 2017, during a meeting between the Foreign Ministers of Jordan and Cyprus, Ayman Safadi and Ioannis Kasoulides, emphasized the importance of concluding an agreement to avoid double taxation and an aviation agreement between the two
See MoreDTA between Jordan and Saudi Arabia enters into force
On 1 September 2017, the Double Taxation Agreement (DTA) between Jordan and Saudi Arabia was entered into force and it will apply from 1 January 2018. The agreement contains Dividends rate 5%, Interest rate 5% and Royalties rate
See More