Best Tax Lawyers in Amman

About Tax Law in Amman, Hashemite Kingdom of Jordan

In the Hashemite Kingdom of Jordan, particularly in its paramount city, Amman, the key legislative text outlining tax regulations is the Jordanian Income Tax Law. This law outlines the structure of income tax, sales tax, and customs duties, including special provisions tailored to the business environment and economic development objectives of Amman and Jordan.

Why You May Need a Lawyer

Acquiring the services of a tax lawyer can become necessary in several situations, including:

• Facing complex tax issues that require legal comprehension, such as estate planning or business mergers and acquisitions.
• Undergoing a tax audit or receiving a notification of a tax dispute from the tax authorities.
• Involvement in international trade and needing advice on customs duties and international taxation.
• Starting a new business and needing advice on the best tax structures or incentives available.

Local Laws Overview

One crucial aspect of local laws in Jordan relates to the Sales Tax, which is a general tax applied on the importation and local production of goods, as well as on certain services. Another fundamental aspect is the Income Tax, which applies to income generated from conducting business, practicing a trade, profession, or vocation, or from leases, royalties, and similar income sources. The Jordanian law also provides for tax exemptions and incentives for certain sectors, which a tax lawyer can help to exploit to your benefit.

Frequently Asked Questions

Who is liable to pay tax in Jordan?

Both residents and non-residents engaged in any kind of income generation in Jordan are liable for tax according to Jordanian tax laws.

What is the standard tax year in Jordan?

The standard tax year in Jordan is the calendar year, i.e., from January 1 to December 31. However, it is possible to have a different accounting year-end if approval is granted by the tax authorities.

What penalties can one face for non-compliance with tax laws?

The Jordanian tax laws impose various penalties for late filing, non-filing, and tax evasion, ranging from fines to imprisonment.

Are there any tax exemptions in Jordan?

Yes, the Jordanian tax system provides a range of tax exemptions and reductions for certain income types and sectors.

What is the rate of Value Added Tax (VAT) in Jordan?

The standard VAT rate in Jordan is 16%.

Additional Resources

Among the key resources for tax-related inquiries in Jordan are the Income and Sales Tax Department, the Jordan Investment Commission, and the Ministry of Finance. These governmental entities provide detailed information about tax laws, procedures, and relevant forms in Jordan.

Next Steps

If you require legal assistance in the tax field, you should consider contacting a lawyer specializing in tax law in Jordan. They can provide you with necessary legal advice, represent you if there are disputes with the tax authorities, and assist you in planning your taxes efficiently.