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 decided – pursuant to the recommendation of
the Economic Development Committee as issued during its session
dated 19/7/2016 – to confirm the Investment Commission
Resolution No. 1/2/2016 dated 31/3/2016 deeming customs exemptions
awarded to fixed assets – which were granted exemptions by
virtue of any of the laws, regulations and decisions, (including,
but not limited to, the Temporary Investment Promotion Law and the
Law regarding Development Zones and Free Zones) – settled
after the lapse of five years from the date of its respective
invoice or the date of issuance of its customs declaration, ; such
decision to be enforced on all transactions with similar subjects
as raised before the Customs Department.
Dentons is the world's first polycentric global law firm. A
top 20 firm on the Acritas 2015 Global Elite Brand Index, the Firm
is committed to challenging the status quo in delivering consistent
and uncompromising quality and value in new and inventive ways.
Driven to provide clients a competitive edge, and connected to the
communities where its clients want to do business, Dentons knows
that understanding local cultures is crucial to successfully
completing a deal, resolving a dispute or solving a business
challenge. Now the world's largest law firm, Dentons'
global team builds agile, tailored solutions to meet the local,
national and global needs of private and public clients of any size
in more than 125 locations serving 50-plus countries.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Join us for an engaging discussion on the Trump administration's workplace policy priorities, their likely impacts on employers, and what you can do now to prepare for the changes to come. Among the topics to be covered are: the effect on the labor pool of proposed changes in immigration policy; the impact of Obamacare "repeal and replace" on employer-sponsored health plans; compensation issues; the future of regulations covering whistleblowing and human rights protections; the Trump NLRB; the DOL's Fiduciary Rule; and workplace discrimination. Dentons partner Cynthia Jackson will lead a panel of Dentons attorneys as they tackle these questions and more.
Co-hosted by Dentons Rodyk and the Singapore Chamber of Commerce (Western Australia), this invitation only event is an opportunity to hear from experienced Australian-based ASX advisors as they discuss the processes for Singaporean based growth companies considering seeking a listing on ASX.
3:45 p.m. - Registration & refreshments
4:00 p.m. - Welcome address by Mr S. Sivanesan, Corporate Senior Partner, Dentons Rodyk
4:05 p.m. - Opening remarks by Moderator, Mr Roger Steinepreis, Chairman of Partners, Steinepreis Paganin, Foundation Member of the Singapore Chamber of Commerce (Western Australia)
4:10 p.m. - Start of presentation
5:05 p.m. - Q & A
5:35 p.m. - Closing remarks by Mr Eugene Lim, CEO, Singapore Chamber of Commerce (Western Australia)
6:00 p.m. - End of session.
Please mark your calendar and join us in our New York office on February 15, from 3 to 6:30 p.m. for a global cross-border M&A seminar featuring two separate panel discussions followed by a cocktail reception. The first panel will discuss the prospects for global M&A under a new US administration with perspectives from our colleagues in Latin America as well as US industry experts. The second panel will review the impact of Chinese investments on a global stage featuring both US and China decision makers.
Mauritius has a diverse world class regulatory framework, but to compete directly with New York City, London or Tokyo would be impossible, writes the author. Now is the time to take this platform to new heights.
The High Court of Accra, Ghana delivered a ruling on an application filed by Mr. Chude Mba, seeking an enforcement of the judgment of the Economic Community of West African States Community Court of Justice entered in his favour against the Republic of Ghana.
Egypt started its free zones programs in the 70s; during this period the country's policy was directed at attracting and retaining foreign direct investment and to increasing the percentage of import and export in the country.
The need for infrastructure investment in North Africa is of paramount importance, with commentators earmarking the power and renewable energy sectors as key growth areas.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).