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Taxation: cancellation of allowances granted three years ago caused an increase of Deduction
15/02/2012
Having risen several times
BAGHDAD - Haidar al-Rubaie Filaih
Revealed the GCT reasons for the increasing rates of deduction for holders especially the staff and professionals to the lack of necessity proceeded to double the allowances of tax in the budget year 2008 and continued until last year 2011, noting that the budget law for 2008 grant Smahat tax tremendous staff and the rest of the charge to pay taxes those allowances and continued until last year, although it should have been last for one year, according to a recommendation of the House of Representatives in 2008, which allowed these allowances until the end of the fiscal year for that year.
The Director General of the Commission Kazem al-Husseini during his speech for the (morning): that during the fiscal year of the 2008 House of Representatives decided to increase the volume of allowances tax payers and that year only, as associated with this recommendation the law of the budget for that year, which means it should end up to 31 to 12 - 2008, but it lasted until last year.
Indicates Husseini to that with the end of the period prescribed for those allowances has been straight back to the Income Tax Law No. 113 of 1982 and at the direction of the General Secretariat of the Council of Ministers in her book meant for the beginning of this year, which extinguished the part of the debt incurred for the taxpayers and specifically from the date of 2-1 - 2009 up from 31 to 12 - 2011, which means a return to the old tax allowances calculated starting from this year According to the Income Tax Act to double without those allowances.
And disclosed Husseini of the existence of a draft of a bill brought by the Authority to the Ministry of Finance aimed at easing the tax burden on the charge, asserting that it is now under study with a view to legislation, considering the tax increase taking place now is second nature approved by the tax law year since years ago has been tempered in order to assist in charge, pointing out that the tax is one of the main instruments of fiscal policy of the country and can be used to reduce many of the economic phenomena of serious, especially inflation, but Husseini pointed out that a return to the use of this law is not consistent with the size of low inflation, indicating that the inflation rate was high significantly when the oldest House of Representatives in 2008 to double the allowances were intended to Mahaafth the balance of the income of the people.
Dozens of taxpayers have complained about the high rate of withholding tax, stressing that these ratios multiplied times what was paid in the past three years, has caused indignation of dozens of Auditors tax departments who have tried to find out the reasons is that they usually are hampered by ignorance of the reasons even when you ask questions for workers in those bodies, according to Arshad Salhi, who said he had to pay a multiple of three times the amount he had paid when selling a vehicle carrying a year ago, stressing that such actions led me to stop the sales process and increase the price of the car to the buyer again.
It seems clear from the words of Salhi, a number of the cost of utilities may rise in the coming days due to the increased tax deductions by which means the return to the cancellation of allowances can not hurt the welfare of the elimination of inflation, and this is confirmed by the economic expert raised Hassan, who explained that general tax is one of the important tools to double the country's income, and the government support with all our strength, but the good He added: after that went down inflation indicators compared to 2007 or 2008 and are the two years which have increased two percentage allowances tax, it does not requires the Commission or the rest of the concerned authorities to revoke those tolerances and thus increase the amount of tax withheld from employees and professionals, saying that such a procedure may lead to some production facilities to increase or entrusted to the decline of production processes, as well as higher number of other daily activities such as transport.
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15/02/2012
Having risen several times
BAGHDAD - Haidar al-Rubaie Filaih
Revealed the GCT reasons for the increasing rates of deduction for holders especially the staff and professionals to the lack of necessity proceeded to double the allowances of tax in the budget year 2008 and continued until last year 2011, noting that the budget law for 2008 grant Smahat tax tremendous staff and the rest of the charge to pay taxes those allowances and continued until last year, although it should have been last for one year, according to a recommendation of the House of Representatives in 2008, which allowed these allowances until the end of the fiscal year for that year.
The Director General of the Commission Kazem al-Husseini during his speech for the (morning): that during the fiscal year of the 2008 House of Representatives decided to increase the volume of allowances tax payers and that year only, as associated with this recommendation the law of the budget for that year, which means it should end up to 31 to 12 - 2008, but it lasted until last year.
Indicates Husseini to that with the end of the period prescribed for those allowances has been straight back to the Income Tax Law No. 113 of 1982 and at the direction of the General Secretariat of the Council of Ministers in her book meant for the beginning of this year, which extinguished the part of the debt incurred for the taxpayers and specifically from the date of 2-1 - 2009 up from 31 to 12 - 2011, which means a return to the old tax allowances calculated starting from this year According to the Income Tax Act to double without those allowances.
And disclosed Husseini of the existence of a draft of a bill brought by the Authority to the Ministry of Finance aimed at easing the tax burden on the charge, asserting that it is now under study with a view to legislation, considering the tax increase taking place now is second nature approved by the tax law year since years ago has been tempered in order to assist in charge, pointing out that the tax is one of the main instruments of fiscal policy of the country and can be used to reduce many of the economic phenomena of serious, especially inflation, but Husseini pointed out that a return to the use of this law is not consistent with the size of low inflation, indicating that the inflation rate was high significantly when the oldest House of Representatives in 2008 to double the allowances were intended to Mahaafth the balance of the income of the people.
Dozens of taxpayers have complained about the high rate of withholding tax, stressing that these ratios multiplied times what was paid in the past three years, has caused indignation of dozens of Auditors tax departments who have tried to find out the reasons is that they usually are hampered by ignorance of the reasons even when you ask questions for workers in those bodies, according to Arshad Salhi, who said he had to pay a multiple of three times the amount he had paid when selling a vehicle carrying a year ago, stressing that such actions led me to stop the sales process and increase the price of the car to the buyer again.
It seems clear from the words of Salhi, a number of the cost of utilities may rise in the coming days due to the increased tax deductions by which means the return to the cancellation of allowances can not hurt the welfare of the elimination of inflation, and this is confirmed by the economic expert raised Hassan, who explained that general tax is one of the important tools to double the country's income, and the government support with all our strength, but the good He added: after that went down inflation indicators compared to 2007 or 2008 and are the two years which have increased two percentage allowances tax, it does not requires the Commission or the rest of the concerned authorities to revoke those tolerances and thus increase the amount of tax withheld from employees and professionals, saying that such a procedure may lead to some production facilities to increase or entrusted to the decline of production processes, as well as higher number of other daily activities such as transport.
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