Companies in Jordan are subject to different taxes, according to the Jordanian tax law. These taxes include 1. Income tax: imposed on companies on their annual profits. The tax rate is determined according to the type and size of the company. 2. Sales tax: imposed on goods and services provided by companies in Jordan. This tax is collected from the final consumer. 3. Value-added tax: imposed on goods and services provided by companies in Jordan. Complete
Companies in Jordan are subject to different taxes, according to the Jordanian tax law. These include taxes
. Income tax: imposed on companies on their annual profits. The tax rate is determined according to the type and size of the company.
. Sales tax: imposed on goods and services provided by companies in Jordan. This tax is collected from the final consumer.
. Value-added tax: imposed on goods and services provided by companies in Jordan. This tax is collected at every stage of production and distribution.
. Real estate tax: imposed on real estate owned by companies in Jordan, including lands and buildings.
. Social Insurance Tax: It is imposed on the salaries and wages that companies pay to their employees, and is used to finance the social insurance system in Jordan.
Companies must commit to submitting the necessary tax returns and paying taxes on time. Fines and penalties may be imposed on companies that do not comply with their tax obligations.
