Private banks and the Directorate of the Kurdistan Regional Tax Association are discussing the probl

Private banks and the Directorate of the Kurdistan Regional Tax Association are discussing the problems faced by banks


Private banks and the Directorate of the Kurdistan Regional Tax Association are discussing the problems faced by banks  


Economy News Baghdad :
It announced that the Association of Banks for Iraq, Monday, held a meeting with the Directorate of tax general in the region of Kurdistan Iraq in Erbil, to discuss barriers between banks and services tax, stressing the need to speed up the opening of a branch of the Bank of the Central in the cities of Arbil and Sulaimaniya .
Said Director Executive   of the Association of Banks for   Ali Tariq 's " economy News " , that " a meeting held on Monday between the Association of Banks for the Directorate General of Taxation region of Kurdistan to discuss the problem of duplication of tax between the Directorate General of Taxation region of Kurdistan and the Authority general taxes in the government of the Federal " , noting that " communities diagnosed with the presence of weakness in coordination between the Directorate General of taxation Kurdistan Authority general taxes and non - existence of a certified authorized to deliver and receive mail as well as to obtain   judgments in some circles tax in the province of Kurdistan to request a budget general branch located in those The province . "
He added that the " meeting stressed the lack of recognition of some of the departments of State and ministries in the government of the Federal acquitted disclosure issued by the Directorate General of Taxation region of Kurdistan , which puts obstacles big on the banks as there is a   problem in the amount of fees exorbitant that required by registered companies in the province of Kurdistan for the purpose of opening a branch of the bank ."
He pointed out Tariq to be " the recommendations of the meeting included making   efforts continuing   to facilitate the work of banks and remove the obstacles that hinder the deployment of its branches and services in all parts of Iraq , including the province of Kurdistan, and the adoption of the budget consolidated by issued by the bank in the province , which has been established where ."
He added that " the recommendations included also giving a period of grace of three months for all banks to complete the belongings of tax in the provinces of the region 's year 2016 according to the budget consolidated and so can the bank to obtain a patent disclosure tax with the postponement of consideration of the tax assessments for the years (2014-2015) to the post - completion of this belongings . "
He explained that " the recommendations   included the need for issuing body general tax confirm the acceptance of patent disclosure issued by by the Directorate General of Taxation region of Kurdistan in all departments and ministries of the Government of the Federal and the designation of an employee in the body of the General Tax Directorate General of Taxation Kurdistan assigned to the process of coordination between the kidneys both sides , as well as a label authorized to send and receive mail secret . "
He pointed to the " Association of banks own will call to convene the meeting of a joint comprising the Directorate General of Taxation in the Government of the Federal Directorate General of Taxation in the province of Kurdistan allocated to resolve the problematic registration of branches in Alaqilm " , noting that " meeting stressed the speeding opening of a branch of the Bank Central in Erbil and Sulaymaniyah , and operating system clearing between the branches for the purpose of facilitating the procedures for settlement of financial between banks and institutions other ".

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Private banks and the Directorate of the Kurdistan Regional Tax Association are discussing the problems faced by banks



2017/06/12 | 16:01
(Encyclopedia of this Day News | Iraq News ) - Economy News BAGHDAD: The Iraqi Association of private banks on Monday, a meeting with the General Tax Directorate in the Kurdistan region of Iraq in Erbil, to discuss the barriers between banks and services tax, stressing the need to speed up the opening of a branch of the Bank Central in the cities of Arbil and Sulaymaniyah.

The Executive Director of the Association of Private Banks Ali Tariq Economy News, said that a meeting on Monday held between the Association of private banks and the Directorate General of Taxation of the Kurdistan region to discuss the problem of double taxation between the Directorate General of Taxation of the Kurdistan Region and the General Authority for taxes in the federal government, noting that the two communities diagnosed with a weakness in coordination between the Directorate General of taxation and the General Authority of Kurdistan taxes and the absence of a certified authorized to deliver and receive mail as well as to obtain judgments in some of the tax departments in the Kurdistan region to request general budget for the branch located in the governorate Of.

He explained that the meeting confirmed that some of the state 's departments and ministries recognize the federal government innocently disclosure issued by the Directorate General of Taxation region of Kurdistan , which puts considerable constraints on banks and there is a problem in the amount of the exorbitant fees required by the Registrar of Companies in the Kurdistan Region for the purpose of opening a branch of the Bank.

Tariq pointed out that the meeting 's recommendations included continuous efforts to facilitate the work of banks and remove the obstacles that hinder the deployment of its branches and services in all parts of Iraq , including the Kurdistan Region, and the adoption of the consolidated balance sheet issued by the bank in the province , which was established in it.

He added that the recommendations also included giving a grace period of three months for all banks to complete the tax belongings in the provinces of the region the year 2016 according to the consolidated budget and so can the bank to obtain a patent tax disclosure with the postponement of the consideration of the prescribed tax for the years 2014-2015 until after the completion of these belongings.

He explained that the recommendations included the need for the issuance of the General Authority for taxes confirmation of the acceptance of the clearance issued by the Directorate General of Taxation of the Kurdistan Region in all departments and ministries of the Federal Government and the designation of an employee of the General Authority of Taxation and the Directorate General of Taxation Kurdistan assigned to the process of coordination between the kidneys both sides, as well as authorized to send label and receive secret mail.

He noted that the Association of private banks will convene a joint meeting of the Directorate General of Taxation in the Federal Government and the Directorate General of Taxation in the Kurdistan Region allocated to resolve the problematic registration of branches in Alaqilm, noting that the meeting stressed the speed up to open a branch of the Central Bank in Erbil and Sulaymaniyah , and operation of the clearing system between the branches for the purpose of facilitating the financial settlements between banks and other measures.

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