Tax
Rent Payment with Withholding Tax (Jordan)
Recording a rent payment to an individual landlord where 5% tax is deducted at source.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Rent Expense | Expense (+) | 1,000.00 | - |
| Withholding Tax Payable (ISTD) | Liability (+) | - | 50.00 |
| Cash / Bank | Asset (-) | - | 950.00 |
💡 Accountant's Note
In Jordan, when a company rents from an individual, it must withhold 5% of the rent and pay it to the Income & Sales Tax Department (ISTD) on behalf of the landlord.
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Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.