Investment Council approves more incentives for ICT sector

By JT - Jan 25,2016 - Last updated at Jan 25,2016

AMMAN — The Investment Council on Monday endorsed additional measures to boost investments in the ICT sector.

At a meeting chaired by Prime Minister Abdullah Ensour, the council approved a decision to reduce the income tax on the ICT sector to 5 per cent across the Kingdom and to lower the sales tax to zero, according to the Jordan News Agency, Petra.

Also, a decision was endorsed, exempting all sector input products from taxes and fees, in a bid to transform the Kingdom into a regional ICT hub. ICT Minister Majd Shweikeh stressed the importance of the decisions, noting that they will draw more investors to the sector. The Council of Ministers has also recently adopted several decisions to stimulate the sector.

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