On 22 May 2018, Jordan's government reportedly approved a draft budget that includes a number of tax rate measures. Some of the main measures include:
- An increase in the corporate tax rate on banks from 35% to 40%;
- An increase in the corporate tax rate on financial leasing, insurance, and reinsurance companies from 24% to 40%;
- An increase in the corporate tax rate on mining companies from 24% to 30%;
- The introduction of 1% tax on net profits of companies to fund domestic research and develop…