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Jordan government eyes higher telco revenues

Jordan's Telecoms Regulatory Commission (TRC) has said the government is considering raising revenues it generates from telecoms companies, while also weighing the impact on the sector in case of such an increase, Jordan Times has reported. "A study is examining the impact from higher revenue sharing that stands currently at 10%… it seeks to analyse companies' profits and compare the percentage Jordan obtains compared to other countries in the region," said, TRC chief commissioner, Mohammad Taani. Taxes currently imposed on the sector include 16% sales tax, 12% special tax, 24% income tax and 10% as revenue sharing. The study weighs the impact of a gradual 2% increase, not to exceed 20%, on telecoms companies, he said. "The study seeks to strike a balance between the situation in Jordan, countries in the region and the world," said Taani. "In Iraq, for example, the government deducts 18% as revenue sharing from the telecoms companies."