New system in #Jordan exempts exported international arbitration services from taxes.

161 visualizações

Publicada em

New system in Jordan exempts exported international arbitration services from taxes.
* By: Dr. Bassam Talhouni
* Former Justice Minister and Member in the Jordan`s Senate.

Publicada em: Direito
0 comentários
0 gostaram
Estatísticas
Notas
  • Seja o primeiro a comentar

  • Seja a primeira pessoa a gostar disto

Sem downloads
Visualizações
Visualizações totais
161
No SlideShare
0
A partir de incorporações
0
Número de incorporações
2
Ações
Compartilhamentos
0
Downloads
1
Comentários
0
Gostaram
0
Incorporações 0
Nenhuma incorporação

Nenhuma nota no slide

New system in #Jordan exempts exported international arbitration services from taxes.

  1. 1. New system in Jordan exempts exported international arbitration services from taxes * By: Dr. Bassam Talhouni In a bid to encourage arbitration services in Jordan to ensure that the Kingdome becomes a center for arbitration in the area, the Jordanian government decided to completely exempt the entire or partial international arbitration services in Jordan from income tax. The exemption will include arbitrators, lawyers and experts` fees. To implement the exemption, the new system stipulated that at least one of the arbitration process members be foreign similar to the nationality of one of the arbitrarily parties or one of his/her lawyers or the Disputes Obligatory Law. It is worth mentioning that there was an amendment to Article (40 of the Commercial and Services Exports Profit Exemption System from the Tax Income Number (106) for the year 2016 that used to totally exempt the net product services provided in Jordan from the income tax if it was exported, including legal, engineering, auditing and accounting consultancies services among other services. A new section was introduced to Article (4) under Paragraph (13) to exempt international arbitration services. The Jordanian government had aimed to encourage services providers that are specified in the system when it decided to issue the mentioned system as well as to benefit from the qualified and distinguished human resources, and the reasonable and relatively competitive average pay to provide the mentioned services to nearby Arab countries by relying on Jordan`s geographic location. It is also worth mentioning that the Jordanian government has recently through the Ministry of Justice, conducted serval amendments to the Jordanian arbitration Law (JAL) to include additional privileges that encourages resorting to arbitration as a mean to resolve disputes, in addition to stipulating the establishment of an arbitration center in the Aqaba Special Economic Zone that already provides tax and economic privileges that is making it a point of economic and trade attraction in the area. The (JAL) also stipulated the establishment of another arbitration center in the capital, Amman. For more information, you can contact our law firm (Al Talhouni & Odat Lawyers) at: info@altalhouni-odat.com bassam@talhouni-odat.com * Former Justice Minister and Member in the Jordan`s Senate.

×