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.

Join the forum, it's quick and easy

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

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Tax compliance and bank

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 267043
    Join date : 2012-12-21

    Tax compliance and bank Empty Tax compliance and bank

    Post by Rocky Thu 17 Aug 2017, 2:57 am

    Tax compliance and banks



    17/8/2017 1:24 am

    Mustafa Mohamed Ibrahim
    initiated tax compliance with US law in March 2010 , and the aim of this legislation is to combat tax evasion American individuals who own financial assets in financial institutions and means of investment is US, known as (FATCA) (Foreign Account Tax Compliance Act) as a law issued by the authorities In the United States of America, to disclose in detail their income, funds and accounts to the US Tax Administration.
    In the same context, the global banking system is operating within one integrated system that no financial institution can work in isolation from because of the great development in the business environment as well as the dominance of some countries on the largest banks in the world as well as technological development in the means of communication and the Internet that made the world a small village. As there is a real need to work within the global banking system by any Iraqi bank, which requires adapting to the laws and regulations imposed by the global banking environment and through the signing of an agreement between the Bank and the US Department of Taxation of the Treasury Department authorizes the bank to its customers and holders of US citizenship and accounts for the Office Tax policy to deduct the amount owed to them according to the law and when the cooperation of the governments of countries or banks with the new law in this case allows the US tax law to deduct 30 percent of current transfers by the The US banks are bank accounts that do not comply with the US Treasury regulations .

    http://www.alsabaah.iq/ArticleShow.aspx?ID=142806

      Current date/time is Thu 28 Mar 2024, 6:05 am