jordan pulse -

The CEO of Aqari Jo, Mohammad Abdel Khaleq, visited the Director General of the Department of Lands and Survey, Dr. Ahmad Al-Amoush, to discuss the 2025 Buildings and Lands Tax Law, which was approved by the Council of Ministers on Sunday.

Abdel Khaleq stated that the visit came in response to the confusion that swept through the Jordanian public and the discussions on social media following the announcement of the draft law, which included exaggerations and misinterpretations.

He clarified the reality of the law with the following example:
If the estimated value of an apartment is JD 100,000, the tax rate would be 1%, making the due amount JD 1,000. After applying an 80% discount, the tax would to JD 200. When factoring in the property's depreciation and age, the final amount owed would be around JD 160 only.

Abdel Khaleq stressed that the new law does not impose any financial or economic burdens on owners, tenants, or investors. Instead, it aims to regulate the real estate sector as a whole.

He also noted that the law grants an 80% discount on residential properties owned by the individual, their spouse, parents, or children. It also standardises the tax rate at 1% for residential use and 3% for rental purposes, including knowledge tax and sanitation contributions, while giving taxpayers the right to appeal the property valuation regardless of the percentage of change or reduction.

It is worth noting that Aqari Jo is the first platform in Jordan specialised in real estate marketing, with over 12 years of experience.