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[Where] published the text of the Income Tax Act amendment passed by Parliament today
2015/10/19
[Baghdad-where]
publishes agency all of Iraq [where] the text of the Income Tax Act Amendment Act No. 113 of 1982, which passed the House of Representatives in its meeting on Monday.
According to the law, according to a statement to the House of Representatives:
name of the people, the Presidency:
Based on what passed the House of Representatives and approved by the President of the Republic and based on the provisions of subsection [first] of article [61] and item [III] of article [73] of the Constitution, issued the following law :
No. [] to the 2014 Act to amend the Income Tax Act No. 113 of 1982
Article 1 First: Add the following to the article [II] of the Income Tax No. 113 for the year 1982 and be paragraph [4], including: -
value of the property or the right to dispose of the estimated in accordance with the provisions of the law estimate of the property value and benefits of No. 85 of 1978 or allowance, whichever is greater imposed on the owner of the property or the right to dispose of Ray and means of transfer of ownership or win the right to dispose of or transfer such as selling and bartering, reconciliation and waiver and the gift and the removal of common and liquidation cessation or Almassatahh and treats the tenant treatment owner When you lease property, which came at his disposal contract Almassatahh calculated tax by a progressive value of the property as follows: -
A-exempt from tax the first 50 million of the estimated value of the property or suit this amount and distributed to companies according to their shares if the property is owned in common.
b -akhadda Mazad to tax on the amount of the exemption provided for in [a] of this paragraph according to the following percentages: -
1. [3%] from three percent to 50 million dinars.
2. [4%] Mazad 50 million dinars, up to 100 million dinars.
3. [5%] Mazad to 100 million dinars, up to 150 million dinars
4. [6%] is increased to 150 million dinars.
© if the transfer of ownership on the position of the arrows of the property tax is calculated according to the provisions of this paragraph on the pan Property and collected by arrows transferred to the general property
(d) shall be exempted ongoing giveaway between assets and branches, siblings or transactions between the spouses from the tax imposed under the provisions of this law.
Second: -tsri the provisions of paragraph 4 of Article [second] of the law on the ownership of the property transfer transactions or the right to dispose of it before that this law has no tax is paid by or for differences appreciation implications.
Article 2 The text of paragraph [10] Article VIII of the Act is replaced by the following: -
10.aksat life insurance to no more than a year on an amount of five million dinars and an amount of three million dinars for other insurance premiums, which have nothing to do Pmadr income paid during the year to be with the Iraqi insurance insurance company.
Article 3-repealed dissolved Revolutionary Command Council Resolution No. 120 in 27/6/2002 .
Article-4- Minister of Finance to issue instructions to facilitate the implementation of the provisions of this law.
Article-5-Bnfz this law from the date of publication in the Official Gazette.
the reasons:
for the purpose of easing the tax burden on the shoulders of the citizen Ndhara of inflation in the property prices and encourage Altayman different kinds in line with Economic Development, initiated this Aleghanon.anthy
[You must be registered and logged in to see this link.]
2015/10/19
[Baghdad-where]
publishes agency all of Iraq [where] the text of the Income Tax Act Amendment Act No. 113 of 1982, which passed the House of Representatives in its meeting on Monday.
According to the law, according to a statement to the House of Representatives:
name of the people, the Presidency:
Based on what passed the House of Representatives and approved by the President of the Republic and based on the provisions of subsection [first] of article [61] and item [III] of article [73] of the Constitution, issued the following law :
No. [] to the 2014 Act to amend the Income Tax Act No. 113 of 1982
Article 1 First: Add the following to the article [II] of the Income Tax No. 113 for the year 1982 and be paragraph [4], including: -
value of the property or the right to dispose of the estimated in accordance with the provisions of the law estimate of the property value and benefits of No. 85 of 1978 or allowance, whichever is greater imposed on the owner of the property or the right to dispose of Ray and means of transfer of ownership or win the right to dispose of or transfer such as selling and bartering, reconciliation and waiver and the gift and the removal of common and liquidation cessation or Almassatahh and treats the tenant treatment owner When you lease property, which came at his disposal contract Almassatahh calculated tax by a progressive value of the property as follows: -
A-exempt from tax the first 50 million of the estimated value of the property or suit this amount and distributed to companies according to their shares if the property is owned in common.
b -akhadda Mazad to tax on the amount of the exemption provided for in [a] of this paragraph according to the following percentages: -
1. [3%] from three percent to 50 million dinars.
2. [4%] Mazad 50 million dinars, up to 100 million dinars.
3. [5%] Mazad to 100 million dinars, up to 150 million dinars
4. [6%] is increased to 150 million dinars.
© if the transfer of ownership on the position of the arrows of the property tax is calculated according to the provisions of this paragraph on the pan Property and collected by arrows transferred to the general property
(d) shall be exempted ongoing giveaway between assets and branches, siblings or transactions between the spouses from the tax imposed under the provisions of this law.
Second: -tsri the provisions of paragraph 4 of Article [second] of the law on the ownership of the property transfer transactions or the right to dispose of it before that this law has no tax is paid by or for differences appreciation implications.
Article 2 The text of paragraph [10] Article VIII of the Act is replaced by the following: -
10.aksat life insurance to no more than a year on an amount of five million dinars and an amount of three million dinars for other insurance premiums, which have nothing to do Pmadr income paid during the year to be with the Iraqi insurance insurance company.
Article 3-repealed dissolved Revolutionary Command Council Resolution No. 120 in 27/6/2002 .
Article-4- Minister of Finance to issue instructions to facilitate the implementation of the provisions of this law.
Article-5-Bnfz this law from the date of publication in the Official Gazette.
the reasons:
for the purpose of easing the tax burden on the shoulders of the citizen Ndhara of inflation in the property prices and encourage Altayman different kinds in line with Economic Development, initiated this Aleghanon.anthy
[You must be registered and logged in to see this link.]
