Government to conclude 2nd review negotiations with IMF

Amman, A senior government delegation will head to Washington next week to complete negotiations with representatives of the International Monetary Fund (IMF) on ending the second review of Jordan’s economic performance indicators.

The delegation, which comprises ministers of finance, planning and international cooperation as well as governor of the Central Bank of Jordan (CBJ), will also discus means to push forward the economic reform program.

A statement by the Ministry of Finance, a copy of which received by Petra, Wednesday said the government is currently reviewing the “Income Tax Law” to keep abreast of economic challenges in the Kingdom and to remove distortions in the current law, including income tax exemptions and expansion of tax base in order to make it more equitable.

The government is also in the process of developing legal articles that tighten sanctions on tax evasion, a move which comes as a part of the government approach to encounter tax fraud aims to increase treasury revenues to reach a phase of covering the domestic revenues of current expenditures.

During the visit, the delegation is also scheduled to conduct meetings with senior officials of the White House, the US Treasury and the State Department to discuss means of boosting further economic cooperation between the two countries.

Source: Jordan News Agency