Zarqa: Over 3,000 vehicles have been cleared in the Zarqa Free Zone (ZFZ) since the government's decision to lower total vehicle taxes on June 28. General Manager of Jordan Free and Development Zones Group (JFDZ), Abdul Hamid Gharaibeh, highlighted the significant increase in vehicle clearances, attributing this surge to the government's recent tax reduction initiative.
According to Jordan News Agency, Gharaibeh remarked that this record number of clearances reflects a positive response to the government's move, which is part of a structural reform package aimed at reducing costs for citizens. He emphasized that the decision has revitalized commercial activity within the zone.
Gharaibeh also noted that the ZFZ's 1,630 car showrooms are experiencing increased activity due to changes in supply and demand policies following the tax decision. He mentioned that competition has intensified, particularly for hybrid, gasoline, and large electric vehicles, potentially leading to further price reductions for consumers.
Jihad Abu Nasser, representing the vehicle sector at the Jordan Free Zones Investors Authority, stated that the decision is expected to significantly reduce the prices of gasoline and hybrid cars, potentially by up to JD3,000. This reduction is anticipated to enhance citizens' purchasing power and offer broader options for the public. He highlighted that the gasoline tax reduction is the fourth in less than a year, now reaching 51%, underscoring the government's efforts to stimulate demand and revive the market.
Moreover, Abu Nasser noted that the tax on hybrid cars has been reduced by up to 39%. Hussein Shreim, Head of the Zarqa Chamber of Commerce (ZCC), added that the decision's economic impact is evident in the increased demand for gasoline and hybrid cars. This surge in demand is expected to stimulate the market in the short term and significantly boost customs revenues.