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Taxes required by international oil companies for 35% of their profits tax Iraq
July 6 2011
Baghdad/shuwaili Marwan
Revealed General Commission for taxes on obtaining official approvals on subtract 35% of net profits of oil companies invested in Iraq, saying they live both on the problems in tax mechanisms.
Director General Commission for taxes Kazem Husseini on the future news agency singled out "and" after long discussions with experts in the Ministry of oil and Ministry of Finance of General Commission for taxes shows that subtracts from the global oil companies invested in Iraq now over 15% is insufficient with the size of what those companies will gain from the oil profits, "said the cutoff would be 35% of net profits of these companies as the major economic resource for the State Treasury.
"The General Commission for taxes suffers from several problems, most notably the similarity of names when wanting to provide all of the" tax deductible "that many governmental institutions sending many queries about the validity of those wishing to conduct any transaction state so it is not the duty of the body work to correct those information which cost the body extra effort to search for similar names, which according to as millions."
"Roof top tax now Iraq is only 15 percent of net sizes between revenue and expenditure, and that the Commission is working to collect total income after subtracting the expenses necessary for the production of income and then give personal alsamaahat and take 15% of the remainder, since the tax ceiling applicable in Iraq now is اوطئ tax ceilings in the world,"
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July 6 2011
Baghdad/shuwaili Marwan
Revealed General Commission for taxes on obtaining official approvals on subtract 35% of net profits of oil companies invested in Iraq, saying they live both on the problems in tax mechanisms.
Director General Commission for taxes Kazem Husseini on the future news agency singled out "and" after long discussions with experts in the Ministry of oil and Ministry of Finance of General Commission for taxes shows that subtracts from the global oil companies invested in Iraq now over 15% is insufficient with the size of what those companies will gain from the oil profits, "said the cutoff would be 35% of net profits of these companies as the major economic resource for the State Treasury.
"The General Commission for taxes suffers from several problems, most notably the similarity of names when wanting to provide all of the" tax deductible "that many governmental institutions sending many queries about the validity of those wishing to conduct any transaction state so it is not the duty of the body work to correct those information which cost the body extra effort to search for similar names, which according to as millions."
"Roof top tax now Iraq is only 15 percent of net sizes between revenue and expenditure, and that the Commission is working to collect total income after subtracting the expenses necessary for the production of income and then give personal alsamaahat and take 15% of the remainder, since the tax ceiling applicable in Iraq now is اوطئ tax ceilings in the world,"
[You must be registered and logged in to see this link.]
