American Chamber of Commerce hosts discussion on US taxation

AMMAN — The American Chamber of Commerce in Jordan (AmCham) held a seminar this week during which it  discussed American tax regulations for expatriates and businesses.

“Organised to inform expats and those with American business interests about new US tax policies, the event brought together experts from the US Embassy, Jordanian banks and business advisory firms,” the chamber said in a press statement received by The Jordan Times.

It added that the US ambassador and AmCham chairman familiarised attendees with the details of recent changes to American tax policy.

According to the statement, Adli Qandah, director general of the Association of Banks in Jordan, gave remarks on complying with the Foreign Account Tax Compliance Act (FATCA) from a banking perspective. He was joined by Fouad Kraishan and G.F. Joey Musmar, from Capital Consulting and Miller Musmar, business advisory firms specialising in tax, audit and accounting.

“The aim of this seminar was to provide American citizens and green card holders with the information to remain in compliance with US tax laws, and to take advantage of exclusions available for expats,” Kraishan said.

Presentations also included tax planning for foreign businesses and investors in the US, and tax planning for US business overseas.