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Fines, Penalties and Sanctions in the Jordanian Income and Sales Tax Law “TAX.JO” and the UAE’s Value Added Tax Law “VAT.UAE”
02-Jan-2022
- Dr. Muhammad Abdullah Souan – IASCA Board Member
Dr. Hossam El Din Ahmed Khalil – IASCA Board Member
Professor Wasfi Hussein Al-Tarawneh - Assistant Director of Income and Sales Tax Department - Jordan
This book is comprehensive as it includes all the particularities of fines, penalties, and sanctions related to income and sales tax in the Hashemite Kingdom of Jordan, as well as the value added tax (VAT) in the UAE. It addresses the requirements of these laws and the instructions thereof in the two sister countries from the practical perspective.
Moreover, the book includes the implementation aspects of the income, sales tax and the VAT, along with practical cases rather than narrative ones, beside illustrative tax instructions.
The book meets the needs of individuals, firms, students - in universities and institutes, lawyers, researchers, and those interested in obtaining professional certificates, as well as all the segments of the society including taxpayers, investors, auditors, tax experts, in addition to those who work in the preparation of tax returns such as consultants, tax agents, and inspectors. The authors of the book were keen to introduce a brief about the application of VAT in UAE, as it is impossible to learn about the administrative breaches and fines without addressing some concepts relevant to the VAT.
The tax system is defined as the formulation and translation of tax policies that are developed by governments while taking the political and economic conditions in consideration to achieve the desired goals. The general goals of governments include the distribution of resources and the coverage of expenses in a manner that achieves social justice. Sometimes, governments face challenges in covering the expenses, regardless of whether they are current or capital, as this differs from one country to another.
Taxes are closely related to the political and social systems in countries. Therefore, the goals, purposes, and collection methods differ from one country to another. In conjunction with that, tax accounting is a branch of accounting that is based on the preparation of financial statements that are used as a basis of tax collection. The financial statements define the taxable income of the taxpayer, and eventually the amount of tax due in accordance with the income tax law.
The scientific material of this book has been divided into several chapters as follows:
- Chapter I: Fines, penalties and sanctions in the income tax in the Hashemite Kingdom of Jordan.
- Chapter II: Fines, penalties and sanctions in the sales tax in the Hashemite Kingdom of Jordan.
- Chapter III: Fines, penalties and sanctions in the value added tax (VAT) in the United Arab Emirates.
This book was based on several scientific references such as:
- 1-Income Tax Law No (34) for 2014 and the amendments therefore, and the regulations and instructions issued in accordance with that law.
- 2-General Sales Tax Law No (6) for 1994 and the amendments therefore, and the regulations and instructions issued in accordance with that law.
- 3-Hossam El-Din Ahmed and Wasfi Hussein Al-Tarawneh; Tax Accounting, Applications in Income and Sales Tax Accounting, according to the International Financial Reporting Standards (IFRS) 2019.
- 4-Guidelines issued by the Federal Tax Authority.
- 5-The Unified Agreement on Selective Tax for the GCC.
For more details about this publication, click here