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Cabinet approves proposal for the central bank to accept the instruments of private banks to pay taxes and fees

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Cabinet approves proposal for the central bank to accept the instruments of private banks to pay taxes and fees
Editor Mustafa Saad - Tuesday, 24 March 2015 17:00
Iraqi Central Bank announced on Tuesday the approval of the Economic Committee in the Council of Ministers to accept the proposal issued by private banks to pay taxes and fees instruments.

The bank said in a statement received by Alsumaria News, a copy of which, "The Economic Committee of the Council of Ministers approved the proposal of the Central Bank of acceptance issued by private banks to pay taxes and fees of all instruments, without a specific timeframe for it."

He was prime minister for economic affairs adviser to the appearance of Mohammed Saleh announced, in (23 December 2014), that the tax to be imposed in Iraq will be gradually asserting that inflation in the country is universally accepted.

He said the Iraqi National Business Council, in (13 March 2015), new mechanisms central bank capable of creating a banking market in Iraq has supported economic activity, indicating that the banks will take over the work of the taxes levied in accordance with the pricing and detailed tables furnished by the Customs and Excise.
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