Your financial record, from source document to filed return.
You should not have to think about your Jordanian books again. We keep them, we close them, we file them, and we answer to the tax authority for them.
Run by licensed accountants and by tax practitioners who deal with the Income and Sales Tax Department every month, on the same platform that produces your payroll. That last part matters more than it sounds: the payroll journal, the ledger and the tax position are never out of step, because they are the same set of records.
Statutory audits are carried out by your appointed auditor. We prepare the financial statements, assemble the file in the form the auditor expects and answer their queries directly, which is usually what shortens the audit. If you need an auditor appointed, we have long-standing working relationships with the leading firms in Jordan and can make the introduction.
In association with DML
Two practices. One team.
DMF grew out of a law firm, and it still works like one. Our accountants sit in the same building as the lawyers of Dar Al-Masri Law, in practice since 1981, and the two practices run engagements together as a matter of routine.
So the contract that creates the obligation and the ledger that records it are drafted and kept by one team. A termination that turns contentious, an assessment that goes to objection, a shareholding that changes mid-year: the lawyer already has the numbers and the accountant already has the file. Nothing is explained twice, and nothing falls between two providers.
Legal advice, representation and documents are provided by DML’s qualified lawyers under their own engagement. DMF does not provide legal services.What we cover
Bookkeeping and financial records
- Chart of accounts built to Jordanian regulatory requirements and to your own reporting structure
- Recording of all transactions: sales and purchase invoices, expense claims, journals and bank movements
- Monthly bank reconciliation across all accounts
- General ledger maintained so every posting traces back to its source document
- Monthly trial balance for review
- Year end closing entries
- Multi-currency handling, restated into your reporting currency
- Cost centre accounting across projects, branches or departments
Annual financial statements
- Balance sheet, income statement, cash flow statement and statement of changes in equity, prepared under IFRS and the Jordanian Companies Law
- Notes and disclosures
- Audit file prepared and queries answered directly with your appointed auditor
- Approved statements filed with the Companies Control Department within statutory deadlines
Corporate income tax
- Annual return prepared and filed with the ISTD within the deadline
- Taxable income computed, allowable deductions applied, book to tax differences reconciled
- Estimated instalments computed and arranged
- Tax provision in the financial statements reviewed
- Supporting schedules prepared and maintained
- Correspondence with the ISTD handled on your behalf
Sales tax
- Registration with the ISTD where you meet or elect into the threshold
- Periodic returns prepared and filed on the standard Jordanian cycle
- Output tax, input tax and the net position computed
- Records reconciled to the general ledger
- Payment amount computed and payment instructions issued
- Year end reconciliation and adjustments
- Sales tax certificates obtained on request
Withholding tax
- Monthly obligations computed on payments to local and foreign vendors and contractors
- Monthly return prepared and filed
- Withholding certificates prepared and delivered to vendors
- Payment amount computed and instructions issued
- Reduced rate certificates under applicable double taxation treaties, including an honest assessment of whether relief is actually available on the payment
Management and group reporting
- Monthly management accounts: profit and loss, balance sheet, cash flow
- Variance analysis against prior period and budget
- KPI reporting in the format agreed at the outset
- Group consolidation support, including submission into your own reporting system
- Local currency restated using published Central Bank of Jordan rates
Dealing with the tax authority
A significant part of the practical value sits here, and it is the part that is hardest to buy from a processing centre. Our practitioners are certified to represent clients before the ISTD and attend in person.
- Attendance at hearings, audits and inspections
- Withholding and sales tax payment administration on your behalf
- Sales tax and tax clearance certificates obtained
- Electronic stamp duty computed, paid and certified
- Two-factor authentication administration for your tax portal account
- Defence and representation during full ISTD audits and assessments
Specialist support
- Tax advisory, including structuring advice and review of your tax position
- Transfer pricing documentation prepared or reviewed, including local file and disclosure form requirements
- Amended returns and voluntary disclosures
- Back-correction and restatement where the books inherited from a predecessor are inadequate, which in our experience is a common finding on transition
- Extended support during external audit, beyond routine auditor liaison
Where a matter becomes legal. An objection or appeal against an assessment is legal work. We do not carry it ourselves; we work in association with Dar Al-Masri Law and hand over cleanly, with the file already in order.
Our platform
DMF MicroCode is our proprietary accounting, ERP and payroll system, built for this market rather than adapted to it. One connected database covering the general ledger, receivables and payables, banking and cheque management, purchasing, sales, inventory, HR and payroll, with automatic posting, multi-currency handling, a configurable tax engine, cost centre reporting and per-user permissions applied at screen and function level.
It is integrated directly with the ISTD's national JoFotara e-invoicing platform, which keeps invoicing compliant without a separate step, and the data is hosted locally. Where you would rather we worked in your own system, we do.
The West Bank
The same service is available in the West Bank, delivered by our own staff in Ramallah: bookkeeping and general ledger with multi-currency handling, management accounts, annual financial statements under IFRS and the applicable Palestinian requirements, corporate income tax, VAT, withholding tax, and representation before the tax authority.
Where a group holds entities on both sides, reporting is consolidated across them and you receive a single view rather than two packs to reconcile.
Tell us what you need covered.
Send us the shape of your operation and we will tell you plainly what we would take on, how it would run, and what we would need from you.
Get in touch