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Tax relief for companies and contractors means to speed up reconstruction
24/3/2018 12:00 am [rtl]Baghdad / Mustafa Al Hashemi An academic renewed his call for the involvement of private sector companies in the campaign to reconstruct the cities destroyed by terrorism by adopting the accumulated tax exemptions on its specialized engineering companies and contractors and turning them into what can be considered community and humanitarian contributions by these companies. Taxes are defined as mandatory financial contributions imposed on the activities, expenses, jobs and income of individuals, enterprises and enterprises to achieve the State's financial returns by imposing them on a range of sectors, services and goods. Opportunity for development The academic economist d. "The current stage requires the involvement of the private sector, in all its specialized companies, in the reconstruction of cities liberated from terrorism, because the opportunity is now appropriate for this sector to enter effectively in the development process. " He added: "It is necessary to encourage these companies reconstruction by providing Tax exemptions to encourage them to participate in the reconstruction campaign, especially in the city of Mosul next to the right almost completely destroyed. Mahawili said that "this step will stimulate the rest of the private sector construction companies to provide their effective contribution to the best interest of the country in a concerted efforts and unify the visions of private sector companies, stressing the need to recall again the immediate move towards reconstruction before it is too late and not to be given the dreaded terrorism An opportunity to breathe and pool his evil powers. " Budget financing The General Authority for Taxation in Iraq aims to achieve revenues that contribute to the financing of the state budget, and to commit to the best application of tax laws in collecting the amounts realized, finding new sources of income, expanding the base of the tax base to reduce tax evasion and achieving economic balance in the light of applying the principle of justice Taxation of all taxpayers and the achievement of equal tax liability, deepening the culture of voluntary commitment of taxpayers, and putting all the possibilities and methods of work developed to serve the citizens. In a previous interview with Al-Sabah, Mahawili said that "if we want to benefit from the taxes imposed on contractors, for example, we can reduce the tax on them in return for offering their companies to a certain service, such as paving a street, repairing sidewalks or contributing to the construction of buildings Which has been ravaged by terrorism or its reconstruction, especially in liberated areas. " "This move will speed up reconstruction campaigns in the old city of Mosul, where destruction is a record," he said. "The adoption of this proposal will bring both economic and social benefits," he said.[/rtl] [You must be registered and logged in to see this link.] |
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