AMMAN – In collaboration with the U.S. Embassy, the American Chamber of Commerce in Jordan hosted an event on August 12 to discuss American tax regulations for expatriates and businesses. Organized to inform expats and those with American business interests about new U.S. tax policies, the event brought together experts from the Embassy, Jordanian banks and business advisory firms.
U.S. Ambassador Stuart E. Jones and AmCham Chairman Eng. Mohammed S. Bataineh welcomed keynote speakers who familiarized attendees with the details of recent changes to American tax policy.
Dr. 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 Mr. Fouad Kraishan and G.F. Joey Musmar, from Capital Consulting and Miller Musmar, business advisory firms specializing in tax, audit and accounting.
“The aim of this seminar is to provide American citizens and green card holders with the necessary information to remain in compliance with U.S. tax laws, including the Foreign Account Tax Compliance Act (FATCA) and the reporting of Foreign Bank and Financial Accounts (FBAR), and to take advantage of exclusions available for expats,” Mr. Kraishan said.
Presentations also included tax planning for foreign businesses and investors in the United States, and tax planning for U.S. business overseas.
The American Chamber of Commerce in Jordan is a non-profit, member-based organization that contributes to economic development through the promotion of U.S.-Jordan-regional trade and investment, business development, public policy advocacy, and business community outreach.