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Cabinet approves "new taxes"
18:43 03/24/2015
The Central Bank of Iraq, about the "Economic Commission approval of the Council of Ministers on a proposal bank acceptance issued by private banks instruments to pay the taxes and fees without a fixed roof. The central bank said;" The Economic Committee of the Council of Ministers approved the proposal of the Central Bank of acceptance issued by the instruments private banks to pay taxes and fees of all. "He said the bank" not to put the fixed roof for it. "
The Iraqi Association of private banks, announced on Monday, the imposition of the Central Bank special program of tax guarantees and customs of goods, as shown that this move was directed by the Board of Minister to determine the work of traders and keep them away from illegal transactions in foreign currency smuggling, the Agricultural Bank confirmed that the work on this program will reflect negatively on the Iraqi consumer because it will cause rising prices of imported goods.
The Ministry of Finance announced in the December 30, 2013, that the imposition of customs duties on Imported goods will be starting from 2014, and by no more than 20% of their value, indicating that the fees will be imposed at all border crossings, including the Kurdistan region.
The Iraqi government has previously announced Amadaha to the application of the customs tariff law gradually and according to a schedule specified, She stressed that the law will include some of the goods. The Minister of State for Parliamentary Affairs Safa al-Din Safi said in his intervention in front of the parliament in the (May 11, 2013), "The Iraqi government moving to apply the customs tariff law gradually according to a fixed timetable," and expressed fear the government, "the application of the law may result in an increase insane in the prices of food and goods, including income and does not fit the citizen. "
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18:43 03/24/2015
The Central Bank of Iraq, about the "Economic Commission approval of the Council of Ministers on a proposal bank acceptance issued by private banks instruments to pay the taxes and fees without a fixed roof. The central bank said;" The Economic Committee of the Council of Ministers approved the proposal of the Central Bank of acceptance issued by the instruments private banks to pay taxes and fees of all. "He said the bank" not to put the fixed roof for it. "
The Iraqi Association of private banks, announced on Monday, the imposition of the Central Bank special program of tax guarantees and customs of goods, as shown that this move was directed by the Board of Minister to determine the work of traders and keep them away from illegal transactions in foreign currency smuggling, the Agricultural Bank confirmed that the work on this program will reflect negatively on the Iraqi consumer because it will cause rising prices of imported goods.
The Ministry of Finance announced in the December 30, 2013, that the imposition of customs duties on Imported goods will be starting from 2014, and by no more than 20% of their value, indicating that the fees will be imposed at all border crossings, including the Kurdistan region.
The Iraqi government has previously announced Amadaha to the application of the customs tariff law gradually and according to a schedule specified, She stressed that the law will include some of the goods. The Minister of State for Parliamentary Affairs Safa al-Din Safi said in his intervention in front of the parliament in the (May 11, 2013), "The Iraqi government moving to apply the customs tariff law gradually according to a fixed timetable," and expressed fear the government, "the application of the law may result in an increase insane in the prices of food and goods, including income and does not fit the citizen. "
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