Allawi stresses the importance of preparing a new tax law and warns foreign companies "evading"

by **Rocky** Sat 14 Aug 2021, 7:43 am

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Post n°1

Allawi stresses the importance of preparing a new tax law and warns foreign companies "evading"

by Rocky Sat 14 Aug 2021, 7:43 am

Allawi stresses the importance of preparing a new tax law and warns foreign companies "evading"

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On Saturday, Finance Minister Ali Abdel Amir Allawi stressed the importance of preparing a new tax law, while revealing the percentages collected from taxes.

Allawi said in his intervention during the workshop that was held at the Ministry's headquarters to discuss the application of the tax law, that "a draft of a new tax law commensurate with the Iraqi situation must be prepared," noting that "the current Iraqi tax law is a copy of the British tax law issued in 1922 and it must Preparing a draft of a new law to be submitted to the Council of Ministers, commensurate with Iraqi society,” according to “Conscious.”

Allawi added that "the percentage of taxes collected is 1% of the state's national product during the past year," stressing that "this percentage is small."

He explained that "the property tax imposed is 9% of the estimated property price. The tax on transfer of ownership is progressive, ranging from 3 to 6% of the property value, and the income tax rate is 15% of the net profit."

He added that "there are part of the foreign companies that practice tax evasion and the necessary measures will be taken against them."

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by **Rocky** Sat 14 Aug 2021, 7:49 am

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Post n°2

The Minister of Finance stresses the importance of preparing a new tax law

by Rocky Sat 14 Aug 2021, 7:49 am

[size=45][size=41]The Minister of Finance stresses the importance of preparing a new tax law[/size][/size]

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Al-Nour News/Baghdad
Finance Minister Ali Abdul Amir Allawi stressed today, Saturday, the importance of preparing a new tax law, while he clarified about the percentages obtained from taxes.
Allawi said in his intervention during the workshop, which was held at the Ministry's headquarters to discuss the application of the tax law, that "a draft of a new tax law commensurate with the Iraqi situation must be prepared," noting that "the current Iraqi tax law is a copy of the British tax law issued in 1922 and it must Preparing a draft of a new law to be submitted to the Council of Ministers, commensurate with Iraqi society.
He added, "The percentage of taxes collected is 1% of the state's national product during the past year, and this percentage is small," noting that "the property tax imposed is 9% of the estimated price of the property, while the tax on property transfer is progressive, ranging from 3 to 6%. of the property value, and the income tax rate is 15% of the net profit.
And the Minister of Finance added, "There is a part of foreign companies that practice tax evasion and the necessary measures will be taken against them."
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by **Rocky** Sat 14 Aug 2021, 7:51 am

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Post n°3

The Minister of Finance talks about the new tax system.. What about the percentages obtained?

by Rocky Sat 14 Aug 2021, 7:51 am

[size=30]The Minister of Finance talks about the new tax system.. What about the percentages obtained?[/size]

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PM:12:37:14/08/2021

Finance Minister Abdul Amir Allawi said, on Saturday, that the concerned authorities are in the process of implementing a new tax system that takes into account the current Iraqi situation.
Allawi said in his intervention during the symposium held at the Ministry’s headquarters to discuss the application of the tax law (August 14, 2021), that “a draft of a new tax law must be prepared that is commensurate with the Iraqi situation,” noting that “the current Iraqi tax law is a copy of the tax law.” The British issued in 1922 and a new draft law must be prepared to be submitted to the Council of Ministers, commensurate with Iraqi society".
Allawi pointed out that "the percentage of taxes collected is 1% of the state's national product during the past year," stressing that "this percentage is small.".
He explained that "the real estate tax rate imposed is 9% of the estimated property price. The tax on transfer of ownership is progressive, ranging from 3 to 6% of the property value, and the income tax rate is 15% of the net profit."

He added that "there are part of the foreign companies that practice tax evasion and the necessary measures will be taken against them."
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by **Rocky** Sat 14 Aug 2021, 7:58 am

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Post n°4

The Minister of Finance stresses the importance of preparing a new tax law and reveals the percentag

by Rocky Sat 14 Aug 2021, 7:58 am

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Baghdad - INA - Malaz Al-Amin
, Minister of Finance, Ali Abdul Amir Allawi, stressed today, Saturday, the importance of preparing a new tax law, while revealing the percentages collected from taxes.
Allawi said in his intervention during the workshop that was held at the Ministry's headquarters to discuss the application of the tax law and was attended by the Iraqi News Agency (INA), that "a draft of a new tax law must be prepared that is commensurate with the Iraqi situation," noting that "the current Iraqi tax law is a copy of the law. The British tax issued in 1922 and a new draft law must be prepared to be submitted to the Council of Ministers that is commensurate with Iraqi society.”
Allawi pointed out that "the percentage of taxes collected is 1% of the state's national product during the past year," stressing that "this percentage is small."
He explained that "the real estate tax rate imposed is 9% of the estimated property price. The tax on transfer of ownership is progressive, ranging from 3 to 6% of the property value, and the income tax rate is 15% of the net profit."
He added that "there are part of the foreign companies that practice tax evasion and the necessary measures will be taken against them."
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Allawi stresses the importance of preparing a new tax law and warns foreign companies "evading"

Allawi stresses the importance of preparing a new tax law and warns foreign companies "evading"

The Minister of Finance stresses the importance of preparing a new tax law

The Minister of Finance talks about the new tax system.. What about the percentages obtained?

[size=30]The Minister of Finance talks about the new tax system.. What about the percentages obtained?[/size]

The Minister of Finance stresses the importance of preparing a new tax law and reveals the percentag

Re: Allawi stresses the importance of preparing a new tax law and warns foreign companies "evading"

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