Tax Authority: The salaries of retirees are not subject to the suspension of pensions of 10%

Tax Authority: The salaries of retirees are not subject to the suspension of pensions of 10%

Headquarters of the Tax Authority in Baghdad



The General Authority for Taxation announced on Thursday that the salaries of pensioners are not subject to the 10% of the pensions, adding that there are six strategies to develop tax work in Iraq.

The Director General of the General Authority for Taxation, Abbas successful, during a session of the Baghdad Economic Forum, followed by "Economy News", "There are six strategies proposed for the period (2018-2020) through tax reform missions held with international bodies," indicating that "there The first is to simplify the procedures of the tax system in Iraq, and the second is the credibility in dealing with the tax policy in Iraq through the budget law or through the amendment of the Income Tax Law.

"The first strategy is to simplify the calculation of the tax on the salaries of employees of the state and the public sector, mixed and private, and the second strategy on the subject of the 10% of the pension, this amount is outside the taxable income and that the salaries of pensioners are also not subject to it will be this amount of income outside Tax base, the mission decided with the tax administration not to download 10% of salaries and subject to the tax better than the subject of the salaries of retirees.

She stressed that "the third strategy related to the fact that the tax rate in Iraq is a low price does not exceed 15%, and therefore must be reduced the door of exemptions with the survival of the proportion without increasing the procedure needs to amend the income tax law."

Abbas added that the fourth strategy related to the subject of tax secretariats drawn from the border crossing points has been prepared draft amendment to the income tax law, which is now before the Legal Department and attached a copy of it, the proposal is the deduction of these secretariats in the form of revenue for the next estimated year note that this procedure facilitates the administration Tax in the management of accumulated security years ago. "

"The fifth strategy is based on expanding the sales tax base, while the sixth strategy is based on the state's tendency to increase tax revenues. In order to reduce unnecessary consumption and the fact that sales tax is a tax in which tax evasion is limited, Put these materials in the budget of 2018. "



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