AMMAN —
The
Income and Sales Tax Department said Monday that the Cabinet’s decision to
review the bank guaranty requirement for the issuance of importer’s cards aims
to reduce financial burdens on companies operating in the economic, industrial,
commercial, and service sectors, according to Al-Mamlaka TV. The
Cabinet decided that companies do not have to submit a bank guaranty to be issues an
importer card, except in specific cases of tax violations.
اضافة اعلان
The decision also
included a mechanism that enables the tax department to deactivate tax numbers
assigned to companies for import purposes in the absence of actual practice of
economic activity.
The department
indicated that the content of the decision relates to the legal provisions
required of companies or institutions for the purposes of obtaining the
importer card. Companies which do not have an official license and do not
conduct economic activity, will not be able to import as the department will
continue to deactivate these companies’ tax numbers.
The decision aims
to facilitate
economic activity, contribute to reducing production and
operational costs, and reduce commodity prices for consumers while maintaining
the necessary controls to ensure real import from companies which actually
practice industrial and commercial activity and fulfill their tax obligations
in accordance with the applicable legislation.
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