Audits, crackdown results in recovery of funds: Jordan Finance Ministry

An additional amount was also recovered as a result of crackdown on tax evasion

  
An employee counts Jordanian dinars at the Jordan Dubai Islamic Bank head office in Amman July 8, 2010.

An employee counts Jordanian dinars at the Jordan Dubai Islamic Bank head office in Amman July 8, 2010.

REUTERS/Ali Jarekji

AMMAN — Auditing of tax returns and crackdown on tax evasion by the Income and Sales Tax Department (ISTD) during the January-July period of this year helped recover a total of JD445 million, Finance Minister Mohamad Al-Ississ on Wednesday.

Auditing of submitted tax returns led to the recovery of JD190 million in book-tax differences and fines in the first seven months of the year, Al-Ississ said in a Finance Minstry statement carried by the Jordan News Agency, Petra.

An additional amount of JD255 million was also recovered as a result of crackdown on tax evasion.

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