Restaurant
Rent Payment with Withholding Tax (Jordan)
Paying monthly rent to an individual landlord and withholding 5% tax as required by Jordanian law.
| 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
When a company rents from an individual (not a company), Jordanian law requires withholding 5% of the gross rent and paying it to the ISTD on behalf of the landlord.
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