Industrialists question export incentive by-law

Industrialists question export incentive by-law

AMMAN “” The government announced a by-law that offers incentives to manufacturers, paying them 3 per cent of their total exports for 2019, increasing each year thereafter, but industrialists said that the conditions to receive the incentives are "very difficult“ to meet.

The by-law was announced to compensate for the cancellation of the export revenue exemption, which remained in effect until the end of 2018, when no income tax was levied on exports, President of Jordan Exporters Association (JEA) Omar Abu Wishah told The Jordan Times over the phone on Tuesday.

"The government, therefore, decided to support exporters by providing them with 3 per cent of the total value of their exports, which was a first-of-its-kind step for the Jordanian government after the exemption on income tax stopped,“ Abu Wishah said.

He noted