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.
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