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FINANCIAL NEWS
Jordan’s industry, trade sectors cancel tax reductions on clothes
28 Jun 2016
(MENAFN) The industrial and trade sectors in the kingdom are split over the current cancellation of Cabinet decision to cut sales tax on clothes.
Additionally, the cabinet cancelled last year’s decision which reduced sales tax on clothes, bags, watches, perfumes and cosmetics from 16 to 8 percent.
However, the move will make a state of confusion in the market, particularly for those who have ordered their commodities based on the old tax rate.
Meanwhile, there are almost 1.385 industrial establishments working in textiles with a capital of USD230.59mn, while the sector constitutes 3.7 percent of all industrial investments.
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
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BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
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