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Neno's Place Established in 2006 as a Community of Reality


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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

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


    Call to amend the mechanisms of action of taxes

    Rocky
    Rocky
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    Posts : 278350
    Join date : 2012-12-21
    • Post n°1

    Call to amend the mechanisms of action of taxes Empty Call to amend the mechanisms of action of taxes

    Post by Rocky Mon 27 Jan 2014, 5:38 pm

    Call to amend the mechanisms of action of taxes






    1/28/2014 0:00

    BAGHDAD - the joy of pumice in order to make way and capital investment companies subject to tax so-called "low-exploitation", called an economist for the amendment of Article (16) of the Companies Act No. 21 of 1997 to achieve the benefit of society and the economy of the country. Economic Advisory Ali Mahmoud urged the importance of a conversion radical and structural mechanisms of action of the General Authority for taxes by giving priority to the tasks of development in the functions of the body before the functions of collection, noting the country's need to develop instructions and legislation tax towards the purposes of development, economic development and technological therein. added Mahmoud "morning", that draws the working mechanisms tax Current based on the side of my rights at the expense of development orientation, so called for the exemption of the shares in kind of corporate capital income tax. And on tax reforms required, expressed expert importance of the amendment of Article (16) of the Companies Act No. 21 of 1997, by adding a new paragraph provides exemption from income tax for the stakes kind of corporate capital when company registered with the Registrar of Companies, considering that the implementation of this The proposed there will be a great boost in investment activity, job creation and reduce unemployment, especially that kind of capital is currently disabled or low and exploitation of real estate and agricultural land and non-agricultural and other fixed assets. As for the investment law, it was stated Mahmud he supports tax exemption as a means to attract and encourage investment, especially as the establishment of an investment project industrial, agricultural or tourist or healthy or otherwise linked to the need to establish and register a company with the Registrar of Companies, said: "The law offers tax breaks as a magnet, but the work of the bodies and registered investment companies are required settling accounts tax in advance, and this is not consistent with the orientations of the Investment Law. "




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