Prime Minister Abdullah Ensour called for endorsing the 2014 draft income tax law as soon as possible since as it is reformist in nature and would support the treasury.
At a meeting with the Lower House’s Economic and Investment Committee in the presence of Finance Minister Umayyah Toukan and Director General of the Income Tax and Sales Department, Iyad Qudah, Ensour said the approval of the draft law is a requirement for economic reform and is a national decision that supports the economy.
The prime minister hailed the amendments made by the committee to the draft law, adding that the government made sure that the draft law is fair and takes into consideration all segments of the society.
Members of the committee said that law would contribute towards boosting economic growth and encouraging investment but added that raising taxes on investors will reflect negatively on investors and citizens alike.