Despite high levels of government debt and the costs associated with hosting hundreds of thousands of refugees, Jordan’s economy has continued to demonstrate remarkable resilience in the face of ongoing regional instability. A raft of far-reaching reforms introduced in 2016, along with newly brokered international agreements, should help the kingdom continue along its slow but steady growth path in the years ahead.
Over the past decade, Jordan’s business environment has experienced significant and rapid changes in terms of both its complexity and competitiveness in global markets. Increased demand for qualified labour, coupled with growing international competition for resources, have forced Jordanian businesses to remain flexible and become more...
Divestments are significant capital events whereby a company disposes of an asset or a business unit that it owns. While divestments have historically been associated with troubled assets or underperforming businesses, more companies are starting to consider divestment as a way to support growth. Divestments done correctly and for the right...
This chapter contains an overview of the tax framework in which local and foreign investors operate in Jordan, including a look at moves under way to boost investment in export-oriented industries and a rundown of the incentives in place to promote underdeveloped sectors.
This chapter contains a viewpoint from Feras Kilani, Partner, Operational Transaction Services, MENA.
Effective since February 1, 2016, new fiscal provisions were established by the Finance Act of 2016. Subject to the provisions of applicable tax treaties, the withholding tax rate on fees paid by Gabonese debtors to non-residents has increased from 10% to 20%. This withholding tax applies to royalties and other payments made for services...
Since it was passed in May 2009, the new general tax code has been regularly modified through finance bills to provide a modernised framework, notably complemented by tax and Customs incentives for strategic sectors of activity.
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