Jordan Draft Budget Includes Several Tax Rate Increases
On 22 May 2018, Jordan's government reportedly approved a draft budget that includes a number of tax rate measures. Some of the main measures include:
- An increase in the corporate tax rate on banks from 35% to 40%;
- An increase in the corporate tax rate on financial leasing, insurance, and reinsurance companies from 24% to 40%;
- An increase in the corporate tax rate on mining companies from 24% …