Home
Tax-exempt investors contrary to the budget items
2/15/2014 0:00
BAGHDAD - Farah pumice
confirmed to the Committee of Economy parliamentary difficult to pass a bill to exempt foreign companies and Iraqi taxes because of incompatibility with the terms of the general budget for the current year.
comes at a time in which he emphasized an economist on the importance of the adoption of this law to create an attractive investment environment and encourage investor appetite for Iraq .
Committee member Qusay Juma said the "Center Brief for the Iraqi Media Network": that "the terms of the federal budget for the current year has focused on the development of sources of a second alternative for oil to support budgeting federal taxation and customs," noting that the problem of the law is to exempt foreign companies and local tax payment fully.
added Friday that "there is a desire from within his committee not passed this way, pointing out that the draft law last who discussed the Commission in the current parliamentary session."
The cabinet has approved a bill to exempt Iraqi and foreign companies implementing investment projects from taxes and fees in May 3013, in the interest of the government to support the private investment and economic, private development projects by granting privileges and exemptions and facilitating the procedures of implementation.
while counting the economic expert on behalf of Jamil Antoine adoption of this law and its application is a positive step to attract investments to the country, urging the provision of banking facilities and privileges necessary for investors and for a certain period.
, but Antoine reservation to exempt oil companies from fees and taxes, especially as the oil has a global market are promising, unlike other investments, calling for the development of studies of the economic feasibility of the investment companies wishing to invest in Iraq, and through the operation of labor, as well as the big returns for the country.
[You must be registered and logged in to see this link.]
2/15/2014 0:00
BAGHDAD - Farah pumice
confirmed to the Committee of Economy parliamentary difficult to pass a bill to exempt foreign companies and Iraqi taxes because of incompatibility with the terms of the general budget for the current year.
comes at a time in which he emphasized an economist on the importance of the adoption of this law to create an attractive investment environment and encourage investor appetite for Iraq .
Committee member Qusay Juma said the "Center Brief for the Iraqi Media Network": that "the terms of the federal budget for the current year has focused on the development of sources of a second alternative for oil to support budgeting federal taxation and customs," noting that the problem of the law is to exempt foreign companies and local tax payment fully.
added Friday that "there is a desire from within his committee not passed this way, pointing out that the draft law last who discussed the Commission in the current parliamentary session."
The cabinet has approved a bill to exempt Iraqi and foreign companies implementing investment projects from taxes and fees in May 3013, in the interest of the government to support the private investment and economic, private development projects by granting privileges and exemptions and facilitating the procedures of implementation.
while counting the economic expert on behalf of Jamil Antoine adoption of this law and its application is a positive step to attract investments to the country, urging the provision of banking facilities and privileges necessary for investors and for a certain period.
, but Antoine reservation to exempt oil companies from fees and taxes, especially as the oil has a global market are promising, unlike other investments, calling for the development of studies of the economic feasibility of the investment companies wishing to invest in Iraq, and through the operation of labor, as well as the big returns for the country.
[You must be registered and logged in to see this link.]
