[size=36]The Cabinet authorizes the Minister of Finance to sign an agreement to avoid double taxation with Saudi Arabia[/size]
Political | 09:32 - 16/04/2019
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Baghdad Mawazine News
On Tuesday, the Cabinet authorized the Minister of Finance to sign an agreement to avoid double taxation with Saudi Arabia. He also decided to grant unemployed youth small loans to establish their industrial projects.
Prime Minister Adel Abdul Mahdi said in a statement received by Mawazine News, a copy of it, that "the Council of Ministers held, today, its regular chaired by Abdul Mahdi," noting that "the Council decided to authorize the Prime Minister to approve the amendments that may occur on the draft Investment agreement between Iraq and Saudi Arabia approved by the Council of Ministers. "
"The Council of Ministers voted to extinguish the debts of the Republic of Iraq within the funds of the League of Arab States, and extinguish the remaining balance of the Iraqi loan in Tunisia in appreciation of its position on extinguishing its debts to Iraq. The Council approved the provision of liquidity in the support and support of some hospitals.
He added that "the Council approved the Ministry of Electricity to contract with the Elite Company to maintain, operate and rehabilitate the power station of the thermal cycle, and approved the inclusion of imported oil products for the Ministry of Oil by the Council of Ministers decrees (23 of 2018 and 3 of 2019) Customs measures in a way that does not conflict with the customs law, "pointing out that" the Council agreed and agreed to address the phenomenon of fish deaths. "
He pointed out that "the Council of Ministers authorized the Minister of Finance to negotiate and sign a draft agreement to avoid double taxation and prevent the evasion of the payment of taxes on income and capital between the Government of the Republic of Iraq and the Government of Saudi Arabia, as amended by the Council of State, (Vi) of the Constitution and authorized the Minister of Transport to negotiate and sign a draft cooperation agreement between the Government of the Republic of Iraq and the Government of the Kingdom of Saudi Arabia in the field of maritime transport as amended by the Council of State, .
On the land and orchards, the Cabinet decided, "according to the statement," to form a high-level working group (Ministry of Finance / State Real Estate Department, Ministry of Justice / General Directorate of Land Registration, Ministry of Agriculture / General Directorate of Agricultural Land, Municipality of Baghdad) In the presence of the other ministries concerned through which the final recommendations necessary for the purpose of re-drafting and the issuance of decisions on the destruction of agricultural land and orchards.
And the allocation of land for industrial purposes approved by the Council "the ministries and entities not associated with the Ministry and the relevant provinces to extract the plots of land belonging to the appropriate areas and allocated for industrial purposes of various types with the aim of the establishment of industrial parks and areas, and also the use of developers and investors to establish these complexes and areas and provide them with the necessary services in exchange for the fee they receive Of the beneficiaries of these complexes, as well as the training of unemployed youth according to a training program prepared by the relevant authorities for this purpose, and granting unemployed youth micro-loans for the purpose of establishing their industrial projects, Dtavh to authorize the conservative powers of the necessary ministries to implement the necessary procedures all to implement what came earlier , "he said, adding , " written by a committee chaired by the Minister of Labor and Social Affairs to oversee the implementation of what came in the first paragraph above, and authorizes the necessary powers all to implement this resolution. "
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Prime Minister Adel Abdul Mahdi said in a statement received by Mawazine News, a copy of it, that "the Council of Ministers held, today, its regular chaired by Abdul Mahdi," noting that "the Council decided to authorize the Prime Minister to approve the amendments that may occur on the draft Investment agreement between Iraq and Saudi Arabia approved by the Council of Ministers. "
"The Council of Ministers voted to extinguish the debts of the Republic of Iraq within the funds of the League of Arab States, and extinguish the remaining balance of the Iraqi loan in Tunisia in appreciation of its position on extinguishing its debts to Iraq. The Council approved the provision of liquidity in the support and support of some hospitals.
He added that "the Council approved the Ministry of Electricity to contract with the Elite Company to maintain, operate and rehabilitate the power station of the thermal cycle, and approved the inclusion of imported oil products for the Ministry of Oil by the Council of Ministers decrees (23 of 2018 and 3 of 2019) Customs measures in a way that does not conflict with the customs law, "pointing out that" the Council agreed and agreed to address the phenomenon of fish deaths. "
He pointed out that "the Council of Ministers authorized the Minister of Finance to negotiate and sign a draft agreement to avoid double taxation and prevent the evasion of the payment of taxes on income and capital between the Government of the Republic of Iraq and the Government of Saudi Arabia, as amended by the Council of State, (Vi) of the Constitution and authorized the Minister of Transport to negotiate and sign a draft cooperation agreement between the Government of the Republic of Iraq and the Government of the Kingdom of Saudi Arabia in the field of maritime transport as amended by the Council of State, .
On the land and orchards, the Cabinet decided, "according to the statement," to form a high-level working group (Ministry of Finance / State Real Estate Department, Ministry of Justice / General Directorate of Land Registration, Ministry of Agriculture / General Directorate of Agricultural Land, Municipality of Baghdad) In the presence of the other ministries concerned through which the final recommendations necessary for the purpose of re-drafting and the issuance of decisions on the destruction of agricultural land and orchards.
And the allocation of land for industrial purposes approved by the Council "the ministries and entities not associated with the Ministry and the relevant provinces to extract the plots of land belonging to the appropriate areas and allocated for industrial purposes of various types with the aim of the establishment of industrial parks and areas, and also the use of developers and investors to establish these complexes and areas and provide them with the necessary services in exchange for the fee they receive Of the beneficiaries of these complexes, as well as the training of unemployed youth according to a training program prepared by the relevant authorities for this purpose, and granting unemployed youth micro-loans for the purpose of establishing their industrial projects, Dtavh to authorize the conservative powers of the necessary ministries to implement the necessary procedures all to implement what came earlier , "he said, adding , " written by a committee chaired by the Minister of Labor and Social Affairs to oversee the implementation of what came in the first paragraph above, and authorizes the necessary powers all to implement this resolution. "
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