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Central Bank: the Iraqi economy will not develop unless the activities are expanded tax
07/08/2011 18:52
Baghdad, August 7 / August (Rn) - Deputy Governor of Central Bank of Iraq on Sunday that address the economic problems require the expansion of activities in the country and tax reforms in a wide range of administrative transactions of the General Authority for taxes of the Ministry of Finance.
The appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the Central Bank classifies the tax system in Iraq as a late and does not contribute in supporting the action the central bank to support the value of cash and banking transactions in the country."
He added that "the Ministry of Finance for tax measures to expand and upgrade their value while reducing the administrative and bureaucratic procedures that contribute to hamper the development of the Iraqi economy."
On July 20 last the government announced that it has developed a plan to activate the taxes to address the continuing inflation in the Iraqi economy.
The economists and the tax system in Iraq and underdeveloped systems that do not rise to the level of support the economy and tackle inflation in the country.
And the Iraqi Central Bank announced in January 13 last that the value assumed for the tax budget in 2011 amounted to 2.7 trillion Iraqi dinars.
The sector has witnessed in Iraq, taxes almost stopped in recent years because of the economic turmoil in Iraq and tense security situation, which led it to limit the tax system on the sector staff, traders and owners of companies.
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07/08/2011 18:52
Baghdad, August 7 / August (Rn) - Deputy Governor of Central Bank of Iraq on Sunday that address the economic problems require the expansion of activities in the country and tax reforms in a wide range of administrative transactions of the General Authority for taxes of the Ministry of Finance.
The appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the Central Bank classifies the tax system in Iraq as a late and does not contribute in supporting the action the central bank to support the value of cash and banking transactions in the country."
He added that "the Ministry of Finance for tax measures to expand and upgrade their value while reducing the administrative and bureaucratic procedures that contribute to hamper the development of the Iraqi economy."
On July 20 last the government announced that it has developed a plan to activate the taxes to address the continuing inflation in the Iraqi economy.
The economists and the tax system in Iraq and underdeveloped systems that do not rise to the level of support the economy and tackle inflation in the country.
And the Iraqi Central Bank announced in January 13 last that the value assumed for the tax budget in 2011 amounted to 2.7 trillion Iraqi dinars.
The sector has witnessed in Iraq, taxes almost stopped in recent years because of the economic turmoil in Iraq and tense security situation, which led it to limit the tax system on the sector staff, traders and owners of companies.
[You must be registered and logged in to see this link.]
