logo
Tax department unveils overhaul focused on fairness, reform

Tax department unveils overhaul focused on fairness, reform

Jordan Times20-05-2025

To enhance taxpayer services, the department now offers 65 core electronic services, allowing taxpayers, representatives, and consultants to complete all tax-related procedures digitally (Photo by Maria Weldali)
AMMAN — The Income and Sales Tax Department is advancing a comprehensive package of reforms aimed at fairness, transparency, and digital transformation, without introducing new taxes or raising existing rates, according to the department's Director General Hussam Abu Ali.
Speaking during a media briefing at the Ministry of Government Communications titled 'The National E-Invoicing System and Tax Reforms', Abu Ali said that the reform efforts aimed to build trust between taxpayers and auditors while aligning with international best practices.
A key pillar of the reform is the integration of artificial intelligence (AI) in auditing procedures, Abu Ali said, noting that 85 per cent of tax returns are now electronically audited using an advanced AI-driven system that covers companies, institutions, employees, and individuals.
He added that the department has achieved full digital integration with the Social Security Corporation and the Companies Control Department, enabling real-time verification of employee records and corporate declarations to detect discrepancies and improve compliance.
To enhance taxpayer services, the department now offers 65 core electronic services, allowing taxpayers, representatives, and consultants to complete all tax-related procedures digitally.
A newly launched 'Golden List' initiative provides expedited services to individuals and businesses that have maintained a clean tax record for the past five years.
To combat tax evasion in high-risk sectors, the department has deployed digital surveillance systems. Abu Ali also noted that the department is transitioning from a sales-based to a supply-based sales tax structure to better align with international standards.
Ministry of Government Communications Secretary-General Zaid Nawaiseh highlighted the department's continued progress in digital transformation, capacity building among staff, and the adoption of international standards in tax administration.
Page 2

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Nissan to Livestream World Premiere of All-New Patrol NISMO From the Middle East
Nissan to Livestream World Premiere of All-New Patrol NISMO From the Middle East

Al Bawaba

timea day ago

  • Al Bawaba

Nissan to Livestream World Premiere of All-New Patrol NISMO From the Middle East

Nissan is set to strengthen its performance-focused lineup in the Middle East with the highly anticipated NISMO event, taking place in Dubai on 24 June media, influencers and automotive enthusiasts are invited to join the live global streaming of the event: unveiling the all-new Patrol NISMO - marking its world premiere, and the new Nissan Z NISMO - making its regional debut.• Date: Tuesday, 24th June 2025• Time: 7:30PM GST (GMT +4) • Worldwide Livestream Link on YouTube: The livestream will showcase Nissan's latest NISMO icons in the Middle East, spearheading the Red Ring Society and offering viewers a first look at Nissan's next generation of bold design and motorsport-inspired innovation. Don't miss out this exclusive opportunity to celebrate the passion and precision of NISMO. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.

Aldar Generates More Than Aed 3.5 Billion in Sales at Fahid Island During Launch Week
Aldar Generates More Than Aed 3.5 Billion in Sales at Fahid Island During Launch Week

Al Bawaba

time2 days ago

  • Al Bawaba

Aldar Generates More Than Aed 3.5 Billion in Sales at Fahid Island During Launch Week

Following exceptional interest in Fahid Island - Abu Dhabi's first coastal wellness destination and the world's first Fitwel certified island - Aldar today announced it has generated over AED 3.5 billion in sales at Fahid Beach Residences and The Beach House, the island's first residential developments released during launch Fahid Island homes attracted a diverse pool of buyers, drawn by the island's position as Abu Dhabi's first coastal wellness destination, the waterfront lifestyle, and proximity to super-premium education at Kings College School Wimbledon which sits within the wider wellness inspired masterplan. Expatriate residents and overseas buyers account for 67% of total sales, with buyers from the UAE, Russia, the UK, and China making up the top nationalities by sales volume. This strong local and international interest underscores Fahid Island's emerging global profile as a premier lifestyle destination where wellness meets culture, nature, and community.42% of buyers are under the age of 45, signalling growing demand for luxury wellness-focused living among younger demographics. Notably, 67% of buyers are first-time Aldar customers, demonstrating Aldar's expansive reach and the appeal of the Group's thoughtfully curated Emery, Chief Executive Officer at Aldar Development said: 'The highly anticipated launch of Fahid Island has resulted in the first homes released generating more than AED 3.5 billion - and serves as a powerful validation of our vision to place wellness at the heart of community living. The success reflects Abu Dhabi's position as one of the world's most desirable investment and lifestyle destinations and we are expecting continued interest in Fahid Island as Abu Dhabi's first wellness island builds its profile on the global stage.'In response to the overwhelming demand for Fahid Beach Residences, Aldar accelerated the launch of Fahid Island's second residential offering, The Beach House during launch week and sales progress continues at pace. Comprised of 11 elegantly designed towers offering a collection of studios to 3-bedroom + maid apartments, the new development draws on its coastal surroundings and is thoughtfully crafted to evoke a sense of calm, lightness, and relaxed sophistication. Residents benefit from exquisite interiors and breathtaking views of the sea and Abu Dhabi skyline, as well as a state-of-the-art amenities and facilities, direct shoreline access, and seamless connectivity to Coral Drive, the island's boutique retail boulevard. With further residential launches planned, Aldar will continue to deliver on its vision to transform Fahid Island into a vibrant, wellness-focused destination that redefines coastal living in the region.

Visa appoints Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East and Africa
Visa appoints Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East and Africa

Al Bawaba

time2 days ago

  • Al Bawaba

Visa appoints Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East and Africa

Visa (NYSE: V) today announced the appointment of Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East and Africa (CEMEA). In his new role, the established Visa leader will be responsible for leading operations across more than 86 innovative and fast-growing markets. Visa's CEMEA operations today serve more than 1,800 clients from 23 local offices across the Muhmood brings more than 30 years of banking and payments experience to the role. He most recently served as head of Value-Added Services for Visa's Europe region, based in London, and originally joined Visa in 2019 as Group Country Manager for Southeast Asia, based in Singapore. Prior to joining Visa, Mr. Muhmood held senior leadership positions with Ahli United Bank, ANZ and HSBC. Mr. Muhmood will be based in Dubai, and will take on the role effective immediately, reporting to Oliver Jenkyn, Group President, Global Markets, Muhmood succeeds Andrew Torre, who was recently appointed as President of Visa's Value-Added Services business, which has rapidly grown into a $9B global business and has delivered annualized revenue growth of 20% since 2021.'We are delighted to appoint a leader with Tareq's deep experience at the intersection of financial services, technology and high growth markets to lead Visa's fastest growing region and continue our journey to advance the future of digital payments across CEMEA,' said Mr. Jenkyn. 'During the course of his career, Tareq has worked in 13 countries, and brings unique global perspective, world-class leadership and a proven track record partnering with Visa's largest clients across diverse, complex and rapidly accelerating markets.' 'It is a great honor to lead the CEMEA region, and to continue the tremendous progress that has been made in transforming the future of payments, commerce and money movement across so many dynamic markets,' said Mr. Muhmood. 'Having spent more than a third of my career in the region, I am excited by the incredible opportunity to further expand digital payments amongst more consumers, merchants and economies. I look forward to working closely with our outstanding team to enable shared growth with clients and partners across the region.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store