Al Mashreq Auditing

Personal exemptions for individuals

—

Income tax returns are submitted electronically according to Income Tax Law No. To submit returns starting from 1/1 and end on 4/30 of the following year of the fiscal year.

 In order to reach the taxable income, the following amounts shall be given to the natural resident resident:

  • Personal exemption 9000 per person
  • Exemption from dependents, regardless of their number 9000 dinars
  •  The natural person and the sponsors shall be granted exemptions in exchange for the expenses of treatment, education, rent, and the interest of housing and Murabaha loans as follows:
  • A thousand dinars for the taxpayer
  • A thousand dinars for the taxpayer’s husband
  • One thousand dinars for each boy, with a maximum of three thousand dinars 
  • The exemption permitted by the taxpayer and those who support them shall not exceed 23,000 dinars, whether joint or separate tax returns are submitted by the spouses.
  • The consent of the spouses shall be required in the event of a joint tax return
  •  A natural, non-resident person has the right to benefit from the exemptions for dependents residing in the Kingdom if he is responsible for their support. 
  • The person is entitled to download the donations paid to any governmental or public institution, as well as the donations paid in the Kingdom for religious, charitable, humanitarian, scientific, environmental, sports, professional, subscriptions and donations to the parties. Provided that it does not exceed 25% of the taxable income 

The tax is charged to the natural person from the taxable income according to the following percentages:

  1. 5% of each dinar out of the first 5000 dinars
  2. 10% of each dinar out of the following 5000 dinars
  3. 15% of each dinar out of the following 5000 dinars
  4. 20% of each dinar out of the following 5000 dinars
  5. 25% of each dinar from the following, up to one million dinars
  6. 30% of each dinar of taxable income for the taxpayer, which exceeds one million dinars

The Mashreq audit team welcomes, if there are any inquiries, either on the e-mail:

info@mashrekaudit.com

Or by calling: 0096265850336