Despite protests and the withdrawal of earlier drafts of the law, Jordan's income tax amendment law was approved by royal decree and published in the Official Gazette on 2 December 2018. Some of the main measures of the law include:
- An increase in the corporate tax rate on manufacturing from 14% to 20%, which is phased in with a tax rate discount of 25% in 2019, 20% in 2020, 15% in 2021, 10% in 2022, and 5% in 2023 (for clothing and medicine manufacturers, the relief is 50%, 30%, 20%, 10%, a…