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ARTICLE · 17 OCTOBER 2016

Resolution Relating To Clearance Of Customs Declarations For Exempted Fixed Assets In Jordan

The Council of Ministers has issued its decision No. 31/16/2/35099 on 18 August 2016 approving that all customs exemptions awarded to fixed assets...

JordanInternational Law

The Council of Ministers has issued its decision No. 31/16/2/35099 on 18 August 2016 approving that all customs exemptions awarded to fixed assets, which were granted pursuant to Jordanian legislation and decisions issued thereto, be deemed settled provided five years have lapsed from the date of issuing an invoice or the date of issuing a customs declaration in relation to such fixtures. Such decision shall apply on all transactions currently being reviewed by Jordanian Customs.

The resolution reads as follows:

The Council of Ministers has reviewed the Investment Commission letter  No. 3/a/legal/8785 dated 10/4/2016, and the letter issued by the Finance Minister/Customs No. 107/1116/33814 dated 10/7/2016, and the letter issued by the Chairman of the Legislation and Opinion Bureau No. dt1/1/a/204 dated 9/8/2016, and in light of the provisions of Article 8(a) of the Investment Law No. 30 of 2014, the Council of Ministers, during its session held on 17/8/2016, has

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