Jordan

- Banks: 35%

- Telecommunications, Insurance Companies, Financial Intermediaries, Mining Companies, and Electricity Generation & -Distribution Companies: 24%

- All Other Activities: 20%

Note: A National Contribution (NC) tax also applies to taxable income, with rates varying based on the sector.

Before the end of the fourth month following the end of the tax period.

Before the end of the fourth month following the end of the tax period, unless the taxpayer's gross income exceeded JOD 1 million in the previous tax period. If gross income exceeded JOD 1 million, then the taxpayer is required to remit two advance payments on the accrued income tax using certain rates applied for each tax period.

To the extent the taxpayer is required to remit two corporate income tax advance payments on the accrued income tax (subject to meeting reaching certain revenue threshold), the first advance payment is due within 30 days from the end of the first half of the income tax period. The second advance payment is due within 30 days from the end of the second half of the income tax period.

Progressive rate ranging between 5% and 30%

Before the end of the fourth month following the end of the tax period.

Before the end of the fourth month following the end of the tax period, unless the taxpayer's gross income exceeded JOD 1 million in the previous tax period. If gross income exceeded JOD 1 million, then the taxpayer is required to remit two advance payments on the accrued income tax using certain rates applied for each tax period.

If the taxpayer is required to remit two advance payments on the accrued income tax, then the first advance payment is due within a period not exceeding 30 days from the last day of the first half of that income tax period. The second advance payment is due within a period not exceeding 30 days from the last day of the second half of that income tax period.

General Sales tax (GST in Jordan is similar in operation to VAT): the standard GST rate in Jordan 16%, however there are goods and services that could be subject to a reduced rate under domestic rules

- Resident: resident WHT by a rate of 5% is applied on certain service payments in Jordan;

- Non-resident WHT on dividends: 0%

- Non-resident WHT on interest and royalties: 10%

Further, national contribution (by a rate ranging between 1% - 7%) also applies on all types of taxable cross tax service transactions (such as interest, royalties, management fees, technical and consultancy fees,..etc).

For completeness, interest earned on deposits paid by Jordanian banks to individuals is subject to 5%, while interest paid by Jordanian banks to juristic persons or non-resident persons in Jordan is subject to 7%.

depending on the nature of the asset disposed.

depending on the nature of the asset disposed.

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