Memorandum of Understanding between the Income and Sales Tax Department and the Securities Commission

The Securities Commission and the Income and Sales Tax Department signed a Memorandum of Understanding (MoU) this morning at the Commission's headquarters, aimed at enhancing cooperation between the two parties in various fields, in accordance with the applicable legislation governing both sides.اضافة اعلان

The MoU was signed by the Chairman of the Commission, Dr. Adel Beino, and the Director General of the Department, Dr. Hussam AbuAli, in the presence of Assistant Director General Dr. Walid Al-Bawaneh, and Advisor to the Director General Raghad Akroush.

From the Commission's side, attendees included Vice Chairman Firas Al-Adwan, members of the Board of Commissioners Mona Al-Mufti and Dr. Nabih Al-Mousa, as well as several directors of departments, divisions, and relevant employees from the Commission.

During the signing, Dr. Beino emphasized that the MoU represents the Commission's efforts to strengthen close cooperation, effective coordination, and support initiatives that benefit investment in the capital market and the national economy.
For his part, Dr. AbuAli stated that this MoU aims to enhance continuous collaboration and coordination with key regulatory bodies in the Kingdom, given their supervisory and regulatory roles in the capital market.

He noted that this cooperation would positively impact the financial market and the national economy and marks the beginning of sustained efforts between the two entities, in compliance with the law, to collaborate and participate in events, seminars, and academic forums.

The MoU stipulates the development of collaborative activities in areas of mutual interest, including the exchange of expertise, joint research projects that align with the objectives of both parties, organizing workshops, seminars, conferences, and events in shared fields.

It also includes the exchange of publications, books, journals, and research findings, as well as sharing information, resources, and data, in compliance with the legal and regulatory frameworks governing both sides.

Additionally, the MoU outlines collaboration in organizing training programs and periodic lectures for stakeholders in the financial sector, particularly in financial markets, to meet the current and future needs of the financial sector in Jordan.

Furthermore, it includes cooperation in designing training programs to develop the human resources of both parties based on shared interests, as well as technical and professional cooperation between specialists from both sides.

The MoU also covers the exchange of consultations on reviewing and assessing regulations and policies governing their work upon request.

It is worth noting that the Commission has previously signed similar MoUs with several local entities, including the National Cybersecurity Center, the Central Bank of Jordan, the Companies Control Department, the Integrity Unit, and the Banking Studies Institute, in addition to various universities and educational institutions such as Yarmouk University, Applied Science Private University, the American University of Madaba, the University of Jordan, and Al-Balqa Applied University.

These agreements aim to raise financial awareness and reach different segments of the local community, particularly business students in universities across various provinces, who represent the future workforce and a core component of this sector.

At the end of the ceremony, both sides exchanged commemorative plaques.