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2018/02/27 12:16
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Economy News _ Baghdad
The Tax Authority announced on Tuesday that the tax imposed on private universities will include its profits and its employees from professors and workers, stressing that it came within the tax law and did not fall within the draft federal budget for 2018.
The Director-General of the General Authority for Taxation, Abbas successful, in an interview with "Economy News", "All the private universities will include the tax retroactively from 2016, and are covered by the staff in the college and profits," noting that "the inclusion of civil universities in the tax came after The amendment to the National Education Law on the abolition of the tax exemption for civil universities. "
She explained that the Commission has introduced the civil universities within the Department of senior taxpayers because they enjoy high privacy and spread in Iraq has become wide, noting that the government went to taxes because "the envelope imposes itself" and relying on revenue is wrong.
She called on Abbas to focus more on consumption taxes as it regulates the economic process and reduces unnecessary consumption, especially as the society is a consumer. The taxes on mobile phone bills are about 500 billion a year.
"There are countries where taxes account for 40 percent of GDP, while in Iraq they make up only 5 percent of GDP," she said.
Note: The content entitled (General Authority for Taxation: University Tax Law does not fall within the draft budget for 2018) was published first on the site (economy News) and does not bear the encyclopedia of this day news content in any form.
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Economy News _ Baghdad
The Tax Authority announced on Tuesday that the tax imposed on private universities will include its profits and its employees from professors and workers, stressing that it came within the tax law and did not fall within the draft federal budget for 2018.
The Director-General of the General Authority for Taxation, Abbas successful, in an interview with "Economy News", "All the private universities will include the tax retroactively from 2016, and are covered by the staff in the college and profits," noting that "the inclusion of civil universities in the tax came after The amendment to the National Education Law on the abolition of the tax exemption for civil universities. "
She explained that the Commission has introduced the civil universities within the Department of senior taxpayers because they enjoy high privacy and spread in Iraq has become wide, noting that the government went to taxes because "the envelope imposes itself" and relying on revenue is wrong.
She called on Abbas to focus more on consumption taxes as it regulates the economic process and reduces unnecessary consumption, especially as the society is a consumer. The taxes on mobile phone bills are about 500 billion a year.
"There are countries where taxes account for 40 percent of GDP, while in Iraq they make up only 5 percent of GDP," she said.
Note: The content entitled (General Authority for Taxation: University Tax Law does not fall within the draft budget for 2018) was published first on the site (economy News) and does not bear the encyclopedia of this day news content in any form.
You can find out the details of this title (General Authority for Taxes: University Tax Law does not fall within the draft budget for 2018) through the original source of any site (economy News).
[You must be registered and logged in to see this link.]
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