Talal Abu-Ghazaleh Co. International for Tax Consultation Services


29/03/2016

Income and Sales Tax Services

Talal Abu-Ghazaleh Co. International (TAGI) professionally provides several consulting services. Income and sales tax services are the most prominent ones provided to companies registered in Jordan pursuant to the Income Tax Law, General Sales Tax Law and Social Security Law of 2016. The services provided include:

  1. Calculating tax deductions of any amounts transferred abroad by 10% subject to the provisions of Income Tax Law No. (34) of 2014.
  2. Calculating tax deduction of 5% for any amounts paid to any resident for a service subject to tax deduction thereupon pursuant to the provisions of the Provisional Income Tax Law No. (34) of 2014.
  3. Preparing the file of tax deductions on salaries in accordance with the requirements of Income Tax Law.
  4. Assisting the financial management of companies in preparing the information required by Income and Sales Tax Department concerning purchases and sales of companies, the information of salary deductions and the other tax deductions imposed on such companies pursuant to the Income Tax Law, as well as delivering such information within the legal period.
  5. Completing the declaration of tax assessment (tax return) for companies pursuant to the final financial statements after making the required modifications on the income statement pursuant to the requirements of Income Tax Law and the regulations issued pursuant thereto, discussing such modifications with the concerned parties, duly approving and delivering thereof to the Income and Sales Tax Department in order to avoid any fines that may be imposed on the companies due to non-compliance with the requirements of Income Tax Law or non-delivery of the annual income statement (tax return) within the legal period.
  6. Completing the declaration of sales tax for companies for each separate tax period after verification of financial statements’ validity and that these statements are supported pursuant to the requirements of the Sales Tax Law.
  7. Attending with the staff of the financial department when the auditor of Income and sales Department visits companies to check the financial statements or tax returns and discussing all notes concerning the final financial statements and sales tax declarations with the auditor.
  8. Giving opinion regarding any contractual obligations of the company with third parties to avoid any tax burdens resulting from not considering such contracts pursuant to the requirements of the Income Tax Law and the General Sales Tax Law
  9. Finalizing the tax situation as soon as possible, expediting reply to the written queries and obtaining the necessary acquittal issued by the Income and Sales Tax Department.

Providing such service aims at avoiding payment of extra amounts by clients in case the requirements of the Income Tax Law, General Sales Tax Law and Social Security Law in force and taking advantage of all privileges obtained in accordance with the laws applicable in the Hashemite Kingdom of Jordan.