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Taxes: We support the development directions of the banking sector
14/08/2012 0:00
BAGHDAD - Al Sabah
said Director General of Taxation that the Authority is seeking, through its contacts approaching in charge of taxes to overcome all the difficulties facing the flow of work.
This came during a meeting with the Director General Kazim Ali Abdullah, the President and members of the Association of private banks in Iraq, and said that the Authority is seeking to support sectors that contribute to economic development, banks have the priority in this support.
He added that the law is a red line can not be bypassed in any way but can any party feel that the hinder orientation development could make studies and proposals that help to overcome. then the Vice President of the Association of Banks in Iraq, Adnan al-Chalabi, a detailed explanation about the performance of the banking sector and the laws that operate in the light of the Banking Law and the Law of the Central Bank of the sector, which oversees the activities of private banks, it was agreed on the need for consultation regarding tax breaks in accordance with the laws and through coordination between the Association and the and the Central Bank in this regard.
as the Vice Chairman of Bank of the UNESCO Member Association Hardan Handal detailed explanation of the nature of the use tax with the banking sector in the countries of the world and neighboring countries in particular, and informed participants in the meeting on these experiences that contribute to the development of the relationship between banking institutions, taxes, including supports the direction the market economy to achieve sustainable economic development.
said Director General of the Commission at the conclusion of a recent that the door is open to all banks that fall under the banner of the Association to consult with all the public interest and development in the country, pointing out the need for communication between the Board and the Association.
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