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Central Bank accepted instruments banks to pay taxes and fees
31.03.2015
Economic Committee of the Council of Ministers approved the proposal of the Central Bank of Iraq to accept issued by private banks instruments to pay all taxes and fees, and without a specific time her roof.
Reminds observers that the new mechanisms that followed the central bank capable of creating a banking market in Iraq has supported economic activity, as banks will be business taxes are levied in accordance with the pricing and detailed tables furnished by the Customs and Excise.
Parliamentary Finance Committee and Ichiredo Ahmed flesh Rashidaly the presence of a general trend for the development of the banking system in Iraq, which is also one of the proposals of the Parliamentary Finance Committee to develop the banks in general, and particularly civil. Pointing out that the banks are working in Iraq according to the old systems, and this move is part of the process of banking reform in the country.
Explains economic expert on behalf of Jamil Antoine acceptance issued by private banks instruments to pay taxes and fees came after numerous claims by bankers and businessmen need to activate the private banks, and that the move will boost confidence in banks own.
Emphasizes economic analyst Hilal Taan he Okhov of private banks activation in dealings with government institutions, pointing to the existence of special sections in the central bank assesses banks and customers, and that the instruments pass through several stages in the central bank before taking any action on the bank.
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