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The income tax information for the taxpayer Ali for the year 2020 is as follows: Ali is a resident Jordanian natural person; his resident spouse
The income tax information for the taxpayer Ali for the year 2020 is as follows:
- Ali is a resident Jordanian natural person; his resident spouse is working.
- His total income is JD 60,000 for a rented property.
- The following amounts were paid on the property during the year 2020:
- JD 2,400 maintenance expenses
- 10% of the property income was paid as building and land taxes (Al-Musakfat).
- 3% of the property income was paid as Sewage expenses.
- 2% of the property income was paid as Al-Maref Taxes.
- JD 4,000 depreciation expenses.
Instructions:
Prepare an income tax return for Ali on 31/12/2020 based on the gross income approach.
Income tax return for the year ended 31/12/2020
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