Update - Jordan Income Tax Amendment Law

As {News-2018-12-07/A/5-previously reported}, Jordan approved amendments to its income tax law at the beginning of December 2018. Further to the amendments reported, additional corporate changes from 2019 include:

• A national contribution tax is introduced in addition to corporate tax that applies at different rates depending on sector:
  • Raw material mining - 7%
  • Financial intermediation and brokerage, and financial leasing - 4%
  • Banks and electricity generation/distribution - 3%
  • Telecommunicati…