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Tax Authority and the Central Bank will coordinate the direction of «collection»
March 29th, 2015
Baghdad morning's New:
GCT announced, Sunday, that the new coordination mechanism approved by the central bank comes to regulate and tax verification procedures, and follow-up on the ground, pointing out that the tax itself existed in the past and changed collection procedures.
The general director of tax Kazem al-Moussawi In a press statement, said that «the existing coordination with the Central Bank and customs, and the Association of Banks», indicating that «the recent work on the empowerment of the private banks of these instructions».
He added that «the Commission in light of the recent proceedings relating Balastairadat conducted through private banks window move through the traditional mechanism to new again is quite different from the old, to ensure the verification of goods and tax payment », adding that« mechanism court several measures, and several official bodies and private banks ».
He pointed out that «coordination at the highest level between the Association of Banks and the relevant authorities to ensure the rights of all parties, and not impact on prices in the domestic market », pointing out that« the tax existed in the past and only verification of tax procedures and follow-up mechanism vary ».
It is noteworthy that the Iraqi Central Bank decided Thursday March 25, 2015 to approve the meet 8% of the taxes and customs import by private banks, while the Association of Iraqi banks suggested that this decision reflected positively on the Iraqi economy and the private sector.
The central bank imposed a special program for tax guarantees and customs of goods, while among banking and economic shown that this procedure was guided by Council of Ministers to determine the action traders and keep them away from illegal transactions in foreign currency smuggling.
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March 29th, 2015
Baghdad morning's New:
GCT announced, Sunday, that the new coordination mechanism approved by the central bank comes to regulate and tax verification procedures, and follow-up on the ground, pointing out that the tax itself existed in the past and changed collection procedures.
The general director of tax Kazem al-Moussawi In a press statement, said that «the existing coordination with the Central Bank and customs, and the Association of Banks», indicating that «the recent work on the empowerment of the private banks of these instructions».
He added that «the Commission in light of the recent proceedings relating Balastairadat conducted through private banks window move through the traditional mechanism to new again is quite different from the old, to ensure the verification of goods and tax payment », adding that« mechanism court several measures, and several official bodies and private banks ».
He pointed out that «coordination at the highest level between the Association of Banks and the relevant authorities to ensure the rights of all parties, and not impact on prices in the domestic market », pointing out that« the tax existed in the past and only verification of tax procedures and follow-up mechanism vary ».
It is noteworthy that the Iraqi Central Bank decided Thursday March 25, 2015 to approve the meet 8% of the taxes and customs import by private banks, while the Association of Iraqi banks suggested that this decision reflected positively on the Iraqi economy and the private sector.
The central bank imposed a special program for tax guarantees and customs of goods, while among banking and economic shown that this procedure was guided by Council of Ministers to determine the action traders and keep them away from illegal transactions in foreign currency smuggling.
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