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Exempt companies implementing investment projects from taxes and fees
07/05/2013
BAGHDAD / JD / .. Cabinet agreed to exempt companies implementing investment projects from taxes and fees.
A statement issued by the Council of Ministers received / JD / copy of it: that the council approved a bill exempting Iraqi and foreign companies implementing investment projects from taxes, fees and forwarded to the House of Representatives based on the provisions of Articles (61 / I and item 80 / item II) of the Constitution with taking into consideration the opinion of the legal department at the General Secretariat of the Council of Ministers and the withdrawal of a bill to support development projects by the Office of the Minister of State for Parliamentary Affairs.
And non-oil revenues estimated for 2013 at less than (6.9%) percent, despite the government's efforts to move away from dependence on oil.
The report said the budget published by the Agency / JD / earlier: that revenue non-oil estimated for the year 2013 and accounted for less (6.9%) percent of revenue in spite of the declared policy of the government aimed to diversify its revenue and stay away from excessive dependence on oil.
The report noted that the policies that can be followed to lack of dependence on oil tax rate increase Max and the introduction of new taxes as income tax for employees. Provided that precedes the development of these taxes to study the effects of economic, social and educate citizens about the political dimensions of a tax on the government.
The report called for a lifting obtaining the taxes and duties of individuals and companies, by activating the law of customs tariff and scheduling the implementation of this law, in addition to developing a road map for the implementation of the program educates citizens about the benefits that will come from the implementation of the law of customs tariff and the economic benefits inherent of Ratniv This law of Iraq.
According to the estimate of imports in the budget in 2013, the form of which 93% oil, with estimated income tax of foreign oil companies 0.25.
The budget in 2013 obtained by the agency / JD / that 93 percent of Iraq's revenues come from oil, while the rest of them, it depends of taxes.
The following Iraq's imports figures.
Max tax 0.29
Taxes and other charges 2.19
Wages for services 0.14
Transferred from public bodies and companies of the state-owned 2.36
Interest Income 0.04
Staff income tax 0.27
Corporate income tax of foreign oil 0.25
Corporate income tax 0.31
Income tax of individuals 0.15
Tax contained Alkmarki to 0.89
93.11 oil revenues.
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07/05/2013
BAGHDAD / JD / .. Cabinet agreed to exempt companies implementing investment projects from taxes and fees.
A statement issued by the Council of Ministers received / JD / copy of it: that the council approved a bill exempting Iraqi and foreign companies implementing investment projects from taxes, fees and forwarded to the House of Representatives based on the provisions of Articles (61 / I and item 80 / item II) of the Constitution with taking into consideration the opinion of the legal department at the General Secretariat of the Council of Ministers and the withdrawal of a bill to support development projects by the Office of the Minister of State for Parliamentary Affairs.
And non-oil revenues estimated for 2013 at less than (6.9%) percent, despite the government's efforts to move away from dependence on oil.
The report said the budget published by the Agency / JD / earlier: that revenue non-oil estimated for the year 2013 and accounted for less (6.9%) percent of revenue in spite of the declared policy of the government aimed to diversify its revenue and stay away from excessive dependence on oil.
The report noted that the policies that can be followed to lack of dependence on oil tax rate increase Max and the introduction of new taxes as income tax for employees. Provided that precedes the development of these taxes to study the effects of economic, social and educate citizens about the political dimensions of a tax on the government.
The report called for a lifting obtaining the taxes and duties of individuals and companies, by activating the law of customs tariff and scheduling the implementation of this law, in addition to developing a road map for the implementation of the program educates citizens about the benefits that will come from the implementation of the law of customs tariff and the economic benefits inherent of Ratniv This law of Iraq.
According to the estimate of imports in the budget in 2013, the form of which 93% oil, with estimated income tax of foreign oil companies 0.25.
The budget in 2013 obtained by the agency / JD / that 93 percent of Iraq's revenues come from oil, while the rest of them, it depends of taxes.
The following Iraq's imports figures.
Max tax 0.29
Taxes and other charges 2.19
Wages for services 0.14
Transferred from public bodies and companies of the state-owned 2.36
Interest Income 0.04
Staff income tax 0.27
Corporate income tax of foreign oil 0.25
Corporate income tax 0.31
Income tax of individuals 0.15
Tax contained Alkmarki to 0.89
93.11 oil revenues.
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