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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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    Two parliamentary committees are discussing with the National Business Council amendments to the tax

    Rocky
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    • Post n°1

    Two parliamentary committees are discussing with the National Business Council amendments to the tax Empty Two parliamentary committees are discussing with the National Business Council amendments to the tax

    Post by Rocky Thu 30 Nov 2017, 6:09 am

    [ltr]Two parliamentary committees are discussing with the National Business Council amendments to the tax and insurance exemption[/ltr]

     Since 2017-11-30 at 10:48 (Baghdad time)
    [ltr][You must be registered and logged in to see this image.][/ltr]
    [ltr]Baghdad Mawazine News[/ltr]
    [ltr]The parliamentary committees of economy, investment and finance discussed with the specialists in the sectors of banks and insurance businessmen and investors files relating to the laws of tax exemption and insurance and government banks, during a workshop organized by the Iraqi National Business Council, while a member of the Finance Committee in the House of Representatives Haitham Jubouri the importance of the inclusion of Iraqi investors exemptions provided For foreign companies.[/ltr]
    [ltr]"We visited the Iraqi National Business Council today and discussed two important laws related to exemptions from taxes and duties for contractors and companies that carry out investment projects," he told Mawazin News on Thursday.[/ltr]
    [ltr]"Iraq is going through an exceptional situation and there must be special laws that are compatible with the current stage and with the security situation and the political situation and there must be temptations for investors and contractors to implement investment projects."[/ltr]
    [ltr]He pointed out that "there is an old exemption for foreign companies." He went on to say that "the son of the investor country and the contractor of these fees is exempted, which is the right of others to implement these projects and to be equal with foreign companies operating in Iraq."[/ltr]
    [ltr]"We support this trend and will hold a joint workshop between us and the brothers in the Iraqi National Business Council in the House of Representatives for the purpose of preparing a final version of this law."[/ltr]
    [ltr]For his part, Chairman of the Iraqi National Business Council Daoud Abdul Zayer said that a workshop was held today with the parliamentary and financial committees in the presence of the committee heads Mohammed al-Kanani and Mohamed Tamim to discuss the preparation of the final reading for the law of exemptions from duties and taxes and amend the mandatory insurance law and amend the law of government banks.[/ltr]
    [ltr]In turn, the economist said, "If the banking law developed in line with the developments in the era of the banking institutions in the world, it will make the implementation of projects in Iraq is easy and so we can overcome the obstacles of financial financing where there will be rapid financial savings."[/ltr]
    [ltr]As for the tax sector, Al-Bandar said, "We need some legislative measures for taxes because the tax environment has been subjected to great tragedies, including the phenomenon of tax evasion, as well as the insurance file, and the question of whether the insurance law in Iraq is still compulsory or optional."[/ltr]
    [ltr]"We found it important to add some comments on the law of private government banks, including the powers of selecting the employees of the bank to be experienced and competent," said General Manager of Industrial Bank Bilal Sabah al-Hamdani.[/ltr]
    [ltr]"The insurance sector is one of the neglected sectors and it is necessary to amend the existing legislation to support this sector," said Yasser Sabri, the managing director of the Red Insurance Company.[/ltr]




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