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Sudanese consultant explains two mechanisms for tax reform
June 14 21:13
Information / Baghdad...
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed, on Wednesday, that
the percentage of non-oil revenues from the gross product reaches 5 percent, and while specifying the percentage of activity of individuals in the private sector related to public finances, he identified two mechanisms for conducting tax reform.
Saleh said to the official agency and his follower, Al-Malooma, that
"the Iraqi financial sector today needs to update the maps of non-oil revenues, especially from revenue vessels belonging to taxpayers who have completely neglected collecting from them, without at the same time burdening citizens with limited or low incomes." He added,
"The government support equation in the general budget today exceeds 13 percent of Iraq's gross domestic product, which is guaranteed by government spending from oil revenues mostly, and it touches the needs of the poor and the rich on an equal footing without discrimination, requiring a very fair and comprehensive non-oil revenue equation." And he continued,
"The proportion of non-oil revenues (which is still very low and is estimated at 4-5 percent of GDP)."
Regarding the money of individuals and the extent of their contribution to the market activity, Saleh explained,
“There is what is known as voluntary vessels, which are called (gray-colored) containers, which evade paying their financial obligations regarding the state’s tasks and tax requirements.
It is the activity of mysterious gray-colored individuals, which constitutes 60-65 percent. Of the total activity of the private sector or the market sector in Iraq today, which are evaded or neglected vessels that are subject to taxes, but are not known before the collection agencies in the public finances. He stated,
"The problems of the rentier economy in our country have generated a culture of ignoring the few or meager revenues collected, while the world's public finances consist of the accumulation of scattered financial grains of sand, which are collected from few but widespread and numerous tax and revenue vessels, and at the same time achieve goals." public budgets in their countries. And he indicated that
"tax reform has also become important and inherent in providing financial discipline in Iraq and in two directions: the
first: the adoption of soft flat taxes on income segments of various denominations according to easy collection methods that
encourage immediate payment and
enhance tax revenue in a transparent manner, and the
second: the use of electronic payment and collection methods for accounting taxpayer in an easy way, provided that each taxpayer carries one tax number. And he stressed,
“This requires cooperation with international financial institutions to choose and apply the simplest technical means and the most capable of reaching the taxable bases, which makes tax or other revenue revenues, such as fees and service wages, and others, relative to the gross domestic product, equal at least to the support rate in the federal budget.”,
as a financial goal that should be pursued within the government program," pointing out, "taxes and fees are broad and comprehensive and imposed fairly without burdens on taxpayers, and encourage them voluntarily to contribute nationally to supporting public finances in our country." ended 25 n
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June 14 21:13
Information / Baghdad...
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed, on Wednesday, that
the percentage of non-oil revenues from the gross product reaches 5 percent, and while specifying the percentage of activity of individuals in the private sector related to public finances, he identified two mechanisms for conducting tax reform.
Saleh said to the official agency and his follower, Al-Malooma, that
"the Iraqi financial sector today needs to update the maps of non-oil revenues, especially from revenue vessels belonging to taxpayers who have completely neglected collecting from them, without at the same time burdening citizens with limited or low incomes." He added,
"The government support equation in the general budget today exceeds 13 percent of Iraq's gross domestic product, which is guaranteed by government spending from oil revenues mostly, and it touches the needs of the poor and the rich on an equal footing without discrimination, requiring a very fair and comprehensive non-oil revenue equation." And he continued,
"The proportion of non-oil revenues (which is still very low and is estimated at 4-5 percent of GDP)."
Regarding the money of individuals and the extent of their contribution to the market activity, Saleh explained,
“There is what is known as voluntary vessels, which are called (gray-colored) containers, which evade paying their financial obligations regarding the state’s tasks and tax requirements.
It is the activity of mysterious gray-colored individuals, which constitutes 60-65 percent. Of the total activity of the private sector or the market sector in Iraq today, which are evaded or neglected vessels that are subject to taxes, but are not known before the collection agencies in the public finances. He stated,
"The problems of the rentier economy in our country have generated a culture of ignoring the few or meager revenues collected, while the world's public finances consist of the accumulation of scattered financial grains of sand, which are collected from few but widespread and numerous tax and revenue vessels, and at the same time achieve goals." public budgets in their countries. And he indicated that
"tax reform has also become important and inherent in providing financial discipline in Iraq and in two directions: the
first: the adoption of soft flat taxes on income segments of various denominations according to easy collection methods that
encourage immediate payment and
enhance tax revenue in a transparent manner, and the
second: the use of electronic payment and collection methods for accounting taxpayer in an easy way, provided that each taxpayer carries one tax number. And he stressed,
“This requires cooperation with international financial institutions to choose and apply the simplest technical means and the most capable of reaching the taxable bases, which makes tax or other revenue revenues, such as fees and service wages, and others, relative to the gross domestic product, equal at least to the support rate in the federal budget.”,
as a financial goal that should be pursued within the government program," pointing out, "taxes and fees are broad and comprehensive and imposed fairly without burdens on taxpayers, and encourage them voluntarily to contribute nationally to supporting public finances in our country." ended 25 n
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