Gov’t approves set of decisions

shahennews

The government on Sunday decided to cap the general sales tax for vegetable oils at zero per cent, instead of 4 per cent, until the end of May.

The decision was made due to the high international prices of vegetable oils, and to contribute to reducing their prices in the local market.

The Cabinet also approved the bases and controls for granting incentives and prizes on invoices in the Jordanian tax system.

These bases and controls aim at encouraging citizens and taxpayers to request invoices in return for purchasing goods or receiving services, in a manner that contributes to implementing the billing system in the Kingdom.

The Income and Sales Tax Department will announce details of these bases and incentives in the coming days.

On the other hand, the Cabinet decided to approve the addition of commercial sectors to the approved production sectors, for the purposes of granting Jordanian citizenship to investors through investment, in addition to approving the recommendations of the Technical Committee that include mechanisms and foundations for implementing this decision.

The decision aims at contributing to the localization of investments in the commercial sector, attracting new investments in this field, and creating more jobs for Jordanians in it.

The decision included adding sectors of drugstores, pharmaceutical materials and supplies and medical and surgical devices and equipment and their supplies, provided that the volume of investment in this sector is not less than JD1.5 million, and the size of the company’s fixed assets is not less than JD1 million, and that the investor is a founder or partner with no less than a JD1 million share.

The Cabinet also highlighted terms and conditions for these sectors to benefit from its decision.

In the meeting, chaired by Prime Minister Bisher Khasawneh, the Cabinet also approved a set of decisions covering local affairs.

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