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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Influential figures behind the obstruction of "value-added tax" project in Iraq

    Rocky
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    • Post n°1

    Influential figures behind the obstruction of "value-added tax" project in Iraq Empty Influential figures behind the obstruction of "value-added tax" project in Iraq

    Post by Rocky Fri 02 Jun 2017, 2:54 am

    Influential figures behind the obstruction of "value-added tax" project in Iraq



    BAGHDAD - The Journal News
    Commission has confirmed " the economy and investment" in the Iraqi parliament on the lips of her deputy, Harith al- Harthy, the value - added tax in the Iraq project faces obstacles stand in the way of the country without the benefit of this project.

    He said Al-Harthy's «Journal News» "The influential traders are partners of some officials and they're blocking laws and manipulating imports and exports entering the country."

    He added that "the state treasury need many resources, this began by adding added taxes to restore the shortfall in the budget of the Treasury."

    And Aosah: "It is supposed to add to the state to increase taxes on luxury materials entering the country, to give the field either to the industrial and agricultural sector to support the Iraqi economy."

    He stressed that "the obstruction of laws and proceed with its own law-added tax is a type of corruption particular whether by the executive or legislative bodies or observers must fight united and stand in order to eliminate it."

    In a related context stressed the financial expert, Hilal Taan, told the "Journal News" on Thursday, said: "There are two types of taxes direct taxes and other indirect", and pointed out that "the VAT fall of indirect taxes levied on teams the cost of production requirements. "

    He explained that the "value - added tax exists in all countries of the world and if imposed will lead to the provision of financial and imports do not wear them added to the state treasury, in addition to the tax role in reducing the deficit in the federal budget."
    He Taan that " a number of obstacles that have prevented the implementation of this project, including the lack of bodies involved in the implementation of those laws literally commitment", and that " the borders of Iraq is still not controlled with respect to production lines."

    Although the VAT application started only about 50 years ago, but this tax has become a source of revenue Ariasa in most countries of the world, and now accounts for about 5 percent of the total GDP.

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