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12/05/2013 12:00 AM
Specialists: Resolution bold step towards the holiday tax
BAGHDAD - Hussein ثغب Tamimi
accounted for the decision to exempt the global investment firms and local taxes with great interest and wide by economists and stakeholders and specialists government promised a positive step on the road to creating an attractive environment for investments of different forms, especially that most of the businessmen and investment companies were demanding this exemption and a bold step closer to the tax holiday that contribute to accelerate development.
competent investment affairs Hassan al-Asadi pointed out that the decision carries a lot of pros from investor exempt from paying value of the contract is estimated at 3.7 percent of the value the total volume of work and this is a number significant impact on the capital of the work, which is estimated at 1 percent represents Direct Deduction.
, adding that the law encourages the entry to the field of investment business in all sectors, where you find the need to projects of various sizes in all productive sectors and Alkhaddmahalta need to the efforts of investment companies.
was the Council of Ministers at a meeting last Tuesday has approved a bill exempting Iraqi and foreign companies implementing investment projects from taxes and fees in order from the government to support the private investment and economic private development projects through the granting of privileges and exemptions and facilitating the procedures implemented and work to achieve projects development and encourage companies and contractors to implement these planned projects in the curriculum of investment for the country.
said government spokesman said the draft law tax exemption this interferes with the bill support the development taken by the Council of Ministers Resolution No. (82) for the year 2011 therefore was to instruct the Office of the Secretary of State for the Council of Representatives to withdraw a bill supporting the development and cancel this bill decision dissolved Revolutionary Command Council No. (767) in the October 1, 1987 and will be implemented in the bill in fiscal year 2014.
said government spokesman said the consequences to the worker's financial obligations under the pension and social security for the action figure (39) for the year 1971 will adhere to the investing company or contractor where the bill tax breaks proposed this is in line with the provisions of Article (25) of the Constitution under which the State guarantees the reform of the Iraqi economy according to the foundations of modern economic and ensuring investment full resources and diversification of the private sector and development and will provide project law this investment environment suitable for investment companies
, media adviser to the Council of National Business Daoud Abdel Zair said: exempt investment companies from taxes is one of the demands of investors task, and we have put forward the idea of the holiday tax through the media earlier because we realize the importance of this and what adds positives on the entire investment process. Indicating that the investment process تستبشر good when they are adopted so orientations.
President of the International Federation for Economic Development Ali Hilfi said in an interview for the (morning) the importance of the Council of Ministers Judge exempt investment firms from customs duties, pointing out that the red tape, which was based at the border crossing for the purpose of the imposition of tariffs and time-consuming, and carry a lot of negative impacts on the reality of work, and they represent a step is not welcome by foreign investment enterprises in particular.
, adding that the decision marks the beginning of breakthrough investment real terms represents the time factor is important in investment companies wishing to work in the country, noting that Iraq's vast field and need a lot of equipment service complex ones, which do not bear periods of long waiting at border crossing points, indicating that the number of suppliers of equipment service suffered significant losses over the past years due to damage important parts of the devices to exposure to sunlight When ports Navy during the completion of the treatment clearance Alkmarki.
either competent affairs investment Abdullah al-Jubouri has pointed out that this resolution is preferred that the attendant shortcut in the rings routine that was inherent Alamlahalastosmaria and affect the fact investment in general, and must develop the potential of border crossing points through the introduction of advanced devices that increase the efficiency of the work of sea ports, in addition to creating human cadres capable of running on the joints of the work developed and access to the world in the provision of services, as do labor movement in those ports after this decision in any way, and that several international companies waiting legislative powers to pass laws more assurance to companies operating in the country.
either an economist Hadi هنداس has pointed out that the reality of investment in the country need so laws that will accelerate the process of investment, pointing out that the investment promotion needs to stand by the Iraqi legislature to examine the legislative environment of All aspects and feminine laws in order to serve the country's economy and not be there intersections between the laws and the other, indicating that the Act tax exemption is a glimmer of hope to those working in the private investment that the next will be better and that the wheel of the investment will take place and in any way.
noted that committees governmental organizations in collaboration with the international organizations working towards the adoption of a guillotine system of laws that works on reducing its laws pertaining to the economic and trimmed in line with the trend towards free economy, especially that most of the laws had been initiated at the time of a centralized economy.
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Specialists: Resolution bold step towards the holiday tax
BAGHDAD - Hussein ثغب Tamimi
accounted for the decision to exempt the global investment firms and local taxes with great interest and wide by economists and stakeholders and specialists government promised a positive step on the road to creating an attractive environment for investments of different forms, especially that most of the businessmen and investment companies were demanding this exemption and a bold step closer to the tax holiday that contribute to accelerate development.
competent investment affairs Hassan al-Asadi pointed out that the decision carries a lot of pros from investor exempt from paying value of the contract is estimated at 3.7 percent of the value the total volume of work and this is a number significant impact on the capital of the work, which is estimated at 1 percent represents Direct Deduction.
, adding that the law encourages the entry to the field of investment business in all sectors, where you find the need to projects of various sizes in all productive sectors and Alkhaddmahalta need to the efforts of investment companies.
was the Council of Ministers at a meeting last Tuesday has approved a bill exempting Iraqi and foreign companies implementing investment projects from taxes and fees in order from the government to support the private investment and economic private development projects through the granting of privileges and exemptions and facilitating the procedures implemented and work to achieve projects development and encourage companies and contractors to implement these planned projects in the curriculum of investment for the country.
said government spokesman said the draft law tax exemption this interferes with the bill support the development taken by the Council of Ministers Resolution No. (82) for the year 2011 therefore was to instruct the Office of the Secretary of State for the Council of Representatives to withdraw a bill supporting the development and cancel this bill decision dissolved Revolutionary Command Council No. (767) in the October 1, 1987 and will be implemented in the bill in fiscal year 2014.
said government spokesman said the consequences to the worker's financial obligations under the pension and social security for the action figure (39) for the year 1971 will adhere to the investing company or contractor where the bill tax breaks proposed this is in line with the provisions of Article (25) of the Constitution under which the State guarantees the reform of the Iraqi economy according to the foundations of modern economic and ensuring investment full resources and diversification of the private sector and development and will provide project law this investment environment suitable for investment companies
, media adviser to the Council of National Business Daoud Abdel Zair said: exempt investment companies from taxes is one of the demands of investors task, and we have put forward the idea of the holiday tax through the media earlier because we realize the importance of this and what adds positives on the entire investment process. Indicating that the investment process تستبشر good when they are adopted so orientations.
President of the International Federation for Economic Development Ali Hilfi said in an interview for the (morning) the importance of the Council of Ministers Judge exempt investment firms from customs duties, pointing out that the red tape, which was based at the border crossing for the purpose of the imposition of tariffs and time-consuming, and carry a lot of negative impacts on the reality of work, and they represent a step is not welcome by foreign investment enterprises in particular.
, adding that the decision marks the beginning of breakthrough investment real terms represents the time factor is important in investment companies wishing to work in the country, noting that Iraq's vast field and need a lot of equipment service complex ones, which do not bear periods of long waiting at border crossing points, indicating that the number of suppliers of equipment service suffered significant losses over the past years due to damage important parts of the devices to exposure to sunlight When ports Navy during the completion of the treatment clearance Alkmarki.
either competent affairs investment Abdullah al-Jubouri has pointed out that this resolution is preferred that the attendant shortcut in the rings routine that was inherent Alamlahalastosmaria and affect the fact investment in general, and must develop the potential of border crossing points through the introduction of advanced devices that increase the efficiency of the work of sea ports, in addition to creating human cadres capable of running on the joints of the work developed and access to the world in the provision of services, as do labor movement in those ports after this decision in any way, and that several international companies waiting legislative powers to pass laws more assurance to companies operating in the country.
either an economist Hadi هنداس has pointed out that the reality of investment in the country need so laws that will accelerate the process of investment, pointing out that the investment promotion needs to stand by the Iraqi legislature to examine the legislative environment of All aspects and feminine laws in order to serve the country's economy and not be there intersections between the laws and the other, indicating that the Act tax exemption is a glimmer of hope to those working in the private investment that the next will be better and that the wheel of the investment will take place and in any way.
noted that committees governmental organizations in collaboration with the international organizations working towards the adoption of a guillotine system of laws that works on reducing its laws pertaining to the economic and trimmed in line with the trend towards free economy, especially that most of the laws had been initiated at the time of a centralized economy.
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