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Experts: State actions reflect the confidence of banks
3/19/2015 0:00
In the workshop acknowledged the difficulties in implementing obtaining tax mechanisms
BAGHDAD - morning
approved a workshop of the difficulties facing the implementation of the mechanism of remittances imports after an in-depth review conducted by the concerned authorities to implementation, the Central Bank of Iraq, Association of private banks in Iraq, the General Administration of Customs and the General Authority for taxes and stepped up workshop efforts to overcome obstacles after listening to the departments of banks observations on the difficulties faced by their banks and how to deal with different vocabulary related to the instructions on the operations of obtaining or deduction of tax insurance and customs in advance about the value of goods imported.
The prime Association of private banks in Iraq and Wadih Handal during the opening of the workshop in the presence of an economic advisor in the Council Minister Abdul Hussein Al-Anbuge and Chairman of the Securities Commission Abdul-Razzaq al-Saadi and the Undersecretary of the Ministry of Commerce and a group of experts and managers of banks to stage the country is facing and which require concerted efforts to cross. requirements
closely and said Handal said the responsibility to be borne by the banks reflect their importance in the leadership of View Economic This is to contribute actively part of the decree role of the private banking sector, also emphasizes the depth of close cooperation with the sponsor banks and trust of high central bank capabilities of banks to help the state in maximizing budget resources, pointing out that the representatives of the concerned authorities provided answers to the many questions received for representatives of the private banks. He praised the great cooperation between the central bank and private banks, pointing to the importance of the presence of the two parties in one place to evaluate the banking business. For his part, General Manager of the Central Bank d. Ihsan Yasiri merits of commissioning and ways of implementation, indicating that the mechanisms Sttodh through continued cooperation with the relevant authorities. He said that the government issued a decree stating Bjbabh taxes in accordance with Article 50 in the general federal budget bill, intended by the legislator of direct and indirect taxes. the demands of customers and pointed out that the Central salvation of the administrators decided to gave the largest private banks burden to deal with the demands of customers (traders of them) and consider the project, including, as the central decided to finance the bank account abroad, and treat private banks and provides an account of the requests that are deciding whether to customers within 15 days. He noted that the agreement with GCT and the General Authority for Customs and banks to ensure the deposit value of their requests in Iraqi dinars before 15 days, and the bank to deduct the tax value according to the controls, also be deducted drawing Alkmarki, pointing out that the process mean offering a deduction of tax guarantee one stage. The student Yasiri banks that offer applications customers to expedite the supply of the Central Bank to detail, noting that after the rating paragraphs tax materials found to be prepared up to (10) Thousands paragraph, imposed on (
Thousands of which tax is less than 15 percent, including the (5) Thousands impose 5 percent or less. prices of either banking expert Majid picture has pointed to the importance of involving the Ministry of Commerce in the process so that it can provide us with the prices of the country of origin, in order to, but there will be two prices for the first material provided by the merchant and the second provided by the ministry, pointing out that the process governing the trade, but need more time , where 15 days is not sufficient to complete the transaction, referring to the difficulty of the profits calculated for the presence of expenses and the mechanics are not stand her. import licenses while the Undersecretary of the Ministry of Commerce Mohammed al-Samarrai said the ministry began two years ago to issue import licenses to be issued electronically in the coming period, stressing the importance of the central cooperate, taxes and customs, with the Ministry of Commerce and its role in the completion of the process. and the need to further enhance the assets of private banks in the correspondent banks to be control of the reasons for currency smuggling. He returned Ihsan Yasiri to say that tax revenues will increase to 400 percent, indicating that the future directions aimed to unify the tax in all of Iraq's border ports without exception. Feasibility Executive Director of the Association of private banks in Iraq, Tariq said (morning) that the seminar discussed the topic in a very important and raised many questions by private banks, where he was to this open dialogue between the Central Bank private banks and other prominent role in clarifying the mechanisms of future work and stakeholders. He said the Association commends the central action, but is keen on the mechanics of implementation to be clear to be applied properly to ensure smooth high in the implementation and verify the economic viability of the country. representative of the GCT stressed the importance of applying This system and address all the gaps, indicating the need to spend the country in this regulatory process and we Connected with the Central Bank and the Association of private banks and entities with ties to the success of this .mder orientation in the General Administration of Customs, Major General Hakim Jassim said the executive circle, and application instructions is the first step on the by regulation, pointing out that the customs fees fixed in all the ports, and we are going to be consolidated with the Kurdistan region, referring to the approaching global company to introduce a new electronic system.
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3/19/2015 0:00
In the workshop acknowledged the difficulties in implementing obtaining tax mechanisms
BAGHDAD - morning
approved a workshop of the difficulties facing the implementation of the mechanism of remittances imports after an in-depth review conducted by the concerned authorities to implementation, the Central Bank of Iraq, Association of private banks in Iraq, the General Administration of Customs and the General Authority for taxes and stepped up workshop efforts to overcome obstacles after listening to the departments of banks observations on the difficulties faced by their banks and how to deal with different vocabulary related to the instructions on the operations of obtaining or deduction of tax insurance and customs in advance about the value of goods imported.
The prime Association of private banks in Iraq and Wadih Handal during the opening of the workshop in the presence of an economic advisor in the Council Minister Abdul Hussein Al-Anbuge and Chairman of the Securities Commission Abdul-Razzaq al-Saadi and the Undersecretary of the Ministry of Commerce and a group of experts and managers of banks to stage the country is facing and which require concerted efforts to cross. requirements
closely and said Handal said the responsibility to be borne by the banks reflect their importance in the leadership of View Economic This is to contribute actively part of the decree role of the private banking sector, also emphasizes the depth of close cooperation with the sponsor banks and trust of high central bank capabilities of banks to help the state in maximizing budget resources, pointing out that the representatives of the concerned authorities provided answers to the many questions received for representatives of the private banks. He praised the great cooperation between the central bank and private banks, pointing to the importance of the presence of the two parties in one place to evaluate the banking business. For his part, General Manager of the Central Bank d. Ihsan Yasiri merits of commissioning and ways of implementation, indicating that the mechanisms Sttodh through continued cooperation with the relevant authorities. He said that the government issued a decree stating Bjbabh taxes in accordance with Article 50 in the general federal budget bill, intended by the legislator of direct and indirect taxes. the demands of customers and pointed out that the Central salvation of the administrators decided to gave the largest private banks burden to deal with the demands of customers (traders of them) and consider the project, including, as the central decided to finance the bank account abroad, and treat private banks and provides an account of the requests that are deciding whether to customers within 15 days. He noted that the agreement with GCT and the General Authority for Customs and banks to ensure the deposit value of their requests in Iraqi dinars before 15 days, and the bank to deduct the tax value according to the controls, also be deducted drawing Alkmarki, pointing out that the process mean offering a deduction of tax guarantee one stage. The student Yasiri banks that offer applications customers to expedite the supply of the Central Bank to detail, noting that after the rating paragraphs tax materials found to be prepared up to (10) Thousands paragraph, imposed on (
Thousands of which tax is less than 15 percent, including the (5) Thousands impose 5 percent or less. prices of either banking expert Majid picture has pointed to the importance of involving the Ministry of Commerce in the process so that it can provide us with the prices of the country of origin, in order to, but there will be two prices for the first material provided by the merchant and the second provided by the ministry, pointing out that the process governing the trade, but need more time , where 15 days is not sufficient to complete the transaction, referring to the difficulty of the profits calculated for the presence of expenses and the mechanics are not stand her. import licenses while the Undersecretary of the Ministry of Commerce Mohammed al-Samarrai said the ministry began two years ago to issue import licenses to be issued electronically in the coming period, stressing the importance of the central cooperate, taxes and customs, with the Ministry of Commerce and its role in the completion of the process. and the need to further enhance the assets of private banks in the correspondent banks to be control of the reasons for currency smuggling. He returned Ihsan Yasiri to say that tax revenues will increase to 400 percent, indicating that the future directions aimed to unify the tax in all of Iraq's border ports without exception. Feasibility Executive Director of the Association of private banks in Iraq, Tariq said (morning) that the seminar discussed the topic in a very important and raised many questions by private banks, where he was to this open dialogue between the Central Bank private banks and other prominent role in clarifying the mechanisms of future work and stakeholders. He said the Association commends the central action, but is keen on the mechanics of implementation to be clear to be applied properly to ensure smooth high in the implementation and verify the economic viability of the country. representative of the GCT stressed the importance of applying This system and address all the gaps, indicating the need to spend the country in this regulatory process and we Connected with the Central Bank and the Association of private banks and entities with ties to the success of this .mder orientation in the General Administration of Customs, Major General Hakim Jassim said the executive circle, and application instructions is the first step on the by regulation, pointing out that the customs fees fixed in all the ports, and we are going to be consolidated with the Kurdistan region, referring to the approaching global company to introduce a new electronic system.[You must be registered and logged in to see this link.]
