Double Taxation Agreement Jordan

2. In the case of India, double taxation is eliminated as follows: this convention does not affect the tax privileges of diplomatic representatives or consular officials under the general rules of international law or the provisions of specific agreements. The Jordanian legislator has also changed the taxation of individuals. From 2019, the following income tax rates (Article 11 bed a) Income Tax Act) apply: 2. These dividends may, however, be taxed in the contracting state in which the dividends are established and according to the laws of that state, but if the beneficiary is the actual beneficiary of the dividends, the tax thus collected must not exceed 10 per cent. Gross dividends. This paragraph does not affect the corporation`s taxation on the profits on which the dividends are paid. In order to conclude an agreement to avoid double taxation and to prevent income tax evasion and to promote economic cooperation between the two countries, an agreement was reached as follows: 3. Companies of a contracting state whose capital is due or controlled in whole or in part by one or more residents of the other contracting state have been the subject of an agreement : , may not be subject, in the first country, to a tax or related requirement that is other or more burdensome than the taxation and related requirements to which other similar enterprises in the first state are or may be subject. Both countries use the credit method to eliminate double taxation. A provision is also included in the case of a tax savings credit in which the tax credit paid is considered a tax rule, which is otherwise due, but which has been reduced or exempted in accordance with legislation or incentives to promote economic development.

Residents and non-residents are taxed on employment income in Jordan. Under the Income Tax Act, income tax rates are levied at progressive rates ranging from 5% to 30%. Several deductions and allowances are available. There is no personal taxation on capital gains, capital tax, capital acquisition, stamp duty, estate, estate, wealth and net worth. (d) if he is a national of either state or one, the competent authorities of the contracting states resolve the matter by mutual agreement. Jordan has transport agreements with many countries and negotiates contracts with more countries. 4. The Convention also applies to all identical or essentially similar taxes levied after the signing of the agreement, in addition to the applicable taxes covered in paragraph 3. The competent authorities of the State party inform each other of the substantial changes made to their respective tax laws.

Article 20 (Revenue of Hydrocarbon Resources) provides that the treaty does not, if any, infringe on the right of one of the contracting states, their national laws and their provisions relating to the taxation of the income and profits of hydrocarbons and related activities located on the territory of the State party. The annexed agreement between the Government of the Republic of India and the Government of the Hahemite Kingdom of Jordan on the prevention of double taxation and the prevention of income tax evasion came into force on 16 October 1999, in accordance with Article 29 of that Convention, thirty days after receiving subsequent communications from the two contracting States. , upon completion of the procedures necessary for the entry into force of this Convention under their respective laws: 4. The competent authorities of the contracting states may communicate directly with each other in order to reach an agreement in accordance with the previous paragraphs.