tax professional lawyer | Jordanian income tax law
Jordanian income tax law
In Jordan, income tax is governed by the Income Tax Law. It sets the rules and regulations for calculating and paying taxes on income earned in the country
The income tax law in Jordan governs the taxation of individuals and businesses on their income. It outlines the rates, deductions, exemptions, and other provisions related to income tax. The law is designed to ensure fair and equitable taxation while promoting economic growth and development
It’s always a good idea to consult with a tax professional lawyer that we have in al alabbadi law firm
The income tax rates in Jordanian law
The income tax rates in Jordan income law vary depending on the level of income. As of now, the progressive tax rates range from 5% to 25%. The specific rate that applies to you will depend on your income bracket. It’s important to note that these rates may be subject to changes
The income tax brackets in Jordanian income law are divided into several income ranges, each with its corresponding tax rate. Here’s a general overview of the current tax brackets
Income up to 5,000 Jordanian Dinars (JOD): Tax rate of 5%
Income between 5,001 JOD and 20,000 JOD: Tax rate of 10%
Income between 20,001 JOD and 50,000 JOD: Tax rate of 15%
Income between 50,001 JOD and 100,000 JOD: Tax rate of 20%
Income above 100,000 JOD: Tax rate of 25%
These rates are subject to changes
Deductions on the individual’s income in the Jordanian income law
in Jordan income tax law, individuals can benefit from various deductions when calculating their income tax
Some common deductions include
Social Security Contributions: Contributions made to the Social Security Corporation are deductible from taxable income
Life Insurance Premiums: Premiums paid for life insurance policies are deductible up to a certain limit
Charitable Donations: Donations made to registered charitable organizations can be deducted from taxable income
Medical Expenses: Certain medical expenses, such as hospital bills and prescription medications, may be
deductible
Education Expenses: Tuition fees paid for higher education can be deducted up to a certain limit
Housing Loan Interest: Interest paid on housing loans for a primary residence may be deductible
These are just a few examples, and there may be other deductions available based on individual circumstances
It is obvious from the above that you will need a tax professional lawyer to consult with when you are ready to pay your income tax which we can provide in al Abbadi law firm
Jordanian income tax law
tax professional lawyer
The income tax rates in Jordanian law
Alabbadi law firm
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Deductions on the individual’s income in the Jordanian income law
