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  • Income Tax Rates-JO (Pre 2010 - Now)

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    Baseem Naser
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    The document outlines Jordan's income tax rates for individuals and corporations from before 2010 through the present. For individuals, tax rates have ranged from 5-30% applied in tiers based on taxable income levels. For corporations, tax rates have varied widely by industry, ranging from 14-35%, with utilities, telecom, banks, and oil/gas often facing the highest rates. Tax rates have generally trended downward for most entities over time.

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    Income tac rate in jordan

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    Income Tax Rates-JO (pre 2010 - Now)

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    The document outlines Jordan's income tax rates for individuals and corporations from before 2010 through the present. For individuals, tax rates have ranged from 5-30% applied in tiers based on taxable income levels. For corporations, tax rates have varied widely by industry, ranging from 14-35%, with utilities, telecom, banks, and oil/gas often facing the highest rates. Tax rates have generally trended downward for most entities over time.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views1 page

    Income Tax Rates-JO (Pre 2010 - Now)

    Uploaded by

    Baseem Naser
    The document outlines Jordan's income tax rates for individuals and corporations from before 2010 through the present. For individuals, tax rates have ranged from 5-30% applied in tiers based on taxable income levels. For corporations, tax rates have varied widely by industry, ranging from 14-35%, with utilities, telecom, banks, and oil/gas often facing the highest rates. Tax rates have generally trended downward for most entities over time.

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    © All Rights Reserved
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    Tax Rates – The Jordanian Income Tax Law

    Taxpayer Pre 2010 1/1/2010 – 31/12/2014 1/1/2015 – 31/12/2018 1/1/2019 – Now


    A – Individuals 1 – 2000 5% 1 – 10000 7% 1 – 10000 7% 1 – 5000 5%
    2001 – 6000 10% 10000 + 14% 10001 – 20000 14% 5001 – 10000 10%
    6001 – 14000 20% 20000 + 20% 10001 – 15000 15%
    14000 + 25% 15001 – 20000 20%
    20001 – 1’000’000 25%
    1’000’000 + 30%

    B – Corporate 15% of that income generated 14% for all legal persons (not 14% Industrial companies 24% on companies of:
    from a project in one of the individuals) - main Telecommunication,
    following sectors: - generating & distribution of
    Metallurgy; Industry; Hotels; electricity
    Hospitals; - mining (basic)
    Transportation (paid up capital - insurance & re-insurance
    of the company should not be - financial (including exchange
    less than one million JOD); companies), and financial
    Constructional contracts (paid intermediation
    up capital of the company not - legal persons carrying out
    less than one million JOD financial lease businesses

    35% of that income for banks, 24% on main communication 24% on main communication 35% on Banks
    financial companies, insurance companies, financial companies companies, financial companies
    companies, exchange companies (including exchange companies), (including exchange companies), 25% Industrial companies
    and intermediation companies. and financial intermediation and financial intermediation (declining [Regressive] for 5
    companies, insurance companies, insurance years excluding industries of
    companies, and legal persons companies, and legal persons textile and pharmaceuticals)
    carrying out financial lease carrying out financial lease (2019: 25%; 2020: 20%; 2021:
    businesses businesses 15%; 2022: 10%; 2023: 5%)

    24% for companies that Textile and Pharmaceuticals


    generate and distribute (2019: 50%; 2020: 30%; 2021:
    electricity and companies that 20%; 2022: 10%; 2023: 5%)
    undertake mining raw material
    activities.
    25% of the taxable income of 30% on Banks 35% on Banks 20% on all other businesses
    other companies 20% for other companies (not
    specifically mentioned
    above)

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