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Al-Rafidain: Purchasing and trading the offered bonds “Emaar Bonds” is tax-exempt in accordance with the Budget Law
PM:08:03:02/11/2023
240 views
Today, Thursday, Rafidain Bank announced the purchase and trading of the bonds offered (reconstruction bonds) tax-exempt in accordance with the budget law.
The bank indicated in a statement, a copy of which was received by NRT Arabic, that “based on the instructions of the Ministry of Finance and the Central Bank of Iraq, Rafidain Bank announces the continuation of issuing reconstruction bonds and making them available to citizens until 11/9/2023.”
The bonds will be in two categories:
- A bond in denomination of 500,000 dinars (five hundred thousand dinars) with an annual interest rate of 6 percent, paid every six months for a period of two years.
- A bond denomination of 1,000,000 dinars (one million dinars) with an annual interest of 8 percent, paid every six months for a period of four years.
The bank emphasized that the person wishing to purchase bonds must submit a direct request to the bank, bringing with him the original identification documents.
The buyer is also given a receipt by the bank in exchange for the amount he paid to purchase the bond.
The buyer keeps this receipt until the bond is prepared and the buyer brings The aforementioned receipt to the bank to receive the bond after it is prepared.
Bonds are traded on the stock market by buying and selling.
He added that the statute of limitations for the bond will be 10 years after maturity, and
then it will be transferred to the Ministry of Finance, noting that the purchase and trading of the bonds offered (Emaar bonds) are exempt from taxes according to what is stated in Federal Budget Law No. 13 of 2023.
https://www.nrttv.com/ar/detail3/17041
PM:08:03:02/11/2023
240 views
Today, Thursday, Rafidain Bank announced the purchase and trading of the bonds offered (reconstruction bonds) tax-exempt in accordance with the budget law.
The bank indicated in a statement, a copy of which was received by NRT Arabic, that “based on the instructions of the Ministry of Finance and the Central Bank of Iraq, Rafidain Bank announces the continuation of issuing reconstruction bonds and making them available to citizens until 11/9/2023.”
The bonds will be in two categories:
- A bond in denomination of 500,000 dinars (five hundred thousand dinars) with an annual interest rate of 6 percent, paid every six months for a period of two years.
- A bond denomination of 1,000,000 dinars (one million dinars) with an annual interest of 8 percent, paid every six months for a period of four years.
The bank emphasized that the person wishing to purchase bonds must submit a direct request to the bank, bringing with him the original identification documents.
The buyer is also given a receipt by the bank in exchange for the amount he paid to purchase the bond.
The buyer keeps this receipt until the bond is prepared and the buyer brings The aforementioned receipt to the bank to receive the bond after it is prepared.
Bonds are traded on the stock market by buying and selling.
He added that the statute of limitations for the bond will be 10 years after maturity, and
then it will be transferred to the Ministry of Finance, noting that the purchase and trading of the bonds offered (Emaar bonds) are exempt from taxes according to what is stated in Federal Budget Law No. 13 of 2023.
https://www.nrttv.com/ar/detail3/17041
