It’s a win for Jordan’s digital economy as the Cabinet approves a draft amendment to exempt export profits from income tax until 2024. The Information and Communications Technology Association of Jordan (int@j) applauds this decision, recognizing the government’s commitment to boosting the country’s position as a hub for technical and consulting services. This move will enhance the competitiveness of Jordanian companies in global markets, attracting more investors and creating employment opportunities for local talents.
int@j emphasizes the importance of this decision in reducing the financial burden on companies, allowing them to focus on reinvesting in product development and innovative services. By exempting profits from various exports, such as IT services and legal consulting, companies can expand their export capacities and stay aligned with global market trends.
This decision aligns with Jordan’s Economic Modernization Vision, paving the way for a dynamic digital economy and sustainable development. It not only benefits businesses but also strengthens Jordan’s appeal as a regional hub for international arbitration and digital services. The future looks promising for Jordan’s digital landscape with this supportive business environment in place.
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