Tax burden stands at 24.2pct per capita income

The tax burden on the per capita income averaged 24.2 per cent in 2020, Minister of Finance Muhammad al-Ississ said Monday citing an Income and Sales Tax Department survey.

 

Responding to questions raised by senators, the minister explained that the largest chunk of the tax burden is on purchases of luxury goods and services, and it also includes premiums paid to the Social Security Corporation.

 

He indicated that the revenue from sales tax last year amounted to JD3.533 billion, while the value of income tax collections for the same period reached JD1.138 billion.

 

Ississ noted that efforts are underway to expand the taxpayer base and halt exemptions and reliefs, pointing out that no customs duties are levied on 90 per cent of imports.

 

Source: Jordan News Agency