Gov’t wins case against Umniah

By JT - Dec 16,2017 - Last updated at Dec 16,2017

AMMAN — The government on Thursday won a case at the International Centre for Settlement of Investment Disputes worth JD123 million, the Jordan News Agency, Petra, reported on Friday.

The international arbitration case was filed by Fouad Alghanim & Sons Group and Fouad Alghanim against Jordan in accordance with the provisions of the Jordanian-Kuwaiti agreement to encourage and protect mutual investments.

Fouad Alghanim group demanded issuing a decision to cancel the income tax that had been imposed on the profits achieved by Umniah Telecommunication and Technology after selling its shares in the capital of Umniah Mobile Phones in mid-2006.

The company’s dues reached JD47 million as income taxes, JD10 million as additional tax and annual fines worth 18 per cent of the taxes’ value.

The plaintiff also demanded a decision to be issued preventing Jordanian government from prosecuting them in Jordanian courts for the dues.

The civil attorney general had filed a suit at the Amman Court of First Instance against the plaintiff demanding compensation for the failure to pay the tax and fines incurred until August 31, 2014, which totalled JD123 million.

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