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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Finance Minister: Government bygone cost control policy

    Rocky
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    • Post n°1

    Finance Minister: Government bygone cost control policy Empty Finance Minister: Government bygone cost control policy

    Post by Rocky Sat 06 Aug 2016, 10:35 am

    Finance Minister: Government bygone cost control policy
    08/06/2016

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    Finance Minister Omar Malhas said the government bygone cost control and address imbalances that affected the national economy over the past years and to move the reform process aimed at improving the people 's living standard policy. 

    The new Malhas emphasized that the government would be reviewed on an ongoing basis the process of granting the benefits, incentives economic to make sure they check the purpose of which otherwise would be considered, stressing that the government will not back down from actions taken two months before the application of the program of financial reform and structural started. 

    He noted during a meeting with board of Directors of Amman Chamber of Commerce that the Income tax Department and the decline in sales the Income tax Act for the purposes of compliance with the amended the recommendations of the National Assembly and a program of financial reform, expected to broaden the tax base for individuals amended law. 

    He said the department is also considering the possibility of unifying taxes on industry, trade and agriculture sectors within several options provided it does not adversely affect the local revenues, as well as studying the possibility of imposing a minimum tax corporate income. 

    he said Malhas, that after the completion of amendments, will the income tax department and sales briefed industry and chambers of commerce and civil society institutions related to the amendments and discuss them in general, stressing estimate the government's pivotal role and effort outstanding played by the Amman Chamber of Commerce, in parallel as it seeks to build bridges of cooperation and continuous coordination , because it is the interest of the national economy.

    in turn, the chairman of Amman Chamber of Commerce Issa Haider Murad stressed the need to stop making decisions that affect the business in the Kingdom environment, prudence when you return for the exemptions granted to economic sectors, stressing that traders committed are most directly affected them and their impact mental more than physical. 

    he said that the private sector needs to be a new look to the government to spread the spirit of optimism has especially in light of the difficult economic situation that experienced by the UK and a marked downturn commercial activity, stressing the need to stabilize the decisions in order to preserve the business environment. 

    he stressed Murad on the need to speed up the amendment of the Income tax Act and in particular the articles on tax ratios imposed on the commercial sector and not to favor industry over another to broaden the base and in order to avoid further disruptions in the market with brine, stressing the need not to resort the government to raise tariffs or tax or any other tax on any commodity It was to increase the collection and revenue because it will increase the smuggling operations and create a negative defect affects the performance of trade and industry sectors. 

    He stressed the need to move the economic growth and increasing domestic production through methods and policies that work to simplify and facilitate an environment mechanisms of business and reduce the militancy of law implementation and regulations that must be It is originally designed in collaboration with the private sector. 

    he called Murad the need to facilitate customs procedures and guessing and taking into account the equality and justice among traders, importers and proposed chairman of the Chamber put customs duty uniform tax on all imported goods as is the case in which the countries of the Arabian Gulf. 

    to bring up the members of the board of Directors of the Chamber of many of the issues in front of the Minister of Finance , where they demanded to exempt taxpayers from tax and customs existing and foreseeable fines in order to encourage and facilitate the payment procedures and supplied from the private sector, demanding installments of customs duties and other taxes within the grounds and procedures smooth and without being limited to a period of 12 months or the requirement to provide a bank guarantee or pay a rate 25 percent of the fees and other requirements value. 

    They stressed the need to reconsider the law of income tax and benefit from the experiences of foreign and limit states of smuggling operations, and revision rates of consumption , which has recently been modified on imported cars, and give a deadline to straighten out the situation of the assets of goods in bonded and Free Zone or which is on its way for shipment to the UK. 

    during the meeting the demands of the union real estate offices owners about the obstacles that limit the development of the real estate sector to address in addition to the decision to ban the entry of some Jordanian food products to the Iraqi market, and administrative measures taken by the Egyptian authorities concerning imports what impact negatively on exports UK. 

    during the meeting , which was held at the headquarters of the room, said Director General of the income and sales tax Bashar al- Saber, to complete the examination of the data and information required for non - operating companies and included in lists provided by two of Commerce and industry of Oman, numbering about 40 000 companies out of 64 companies thousand registered tax. 


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