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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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The Finance Committee of the Iraqi Parliament on Sunday called for an amendment to Iraq's tax system

rocky
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Iraqi - The Finance Committee of the Iraqi Parliament on Sunday called for an amendment to Iraq's tax system Empty The Finance Committee of the Iraqi Parliament on Sunday called for an amendment to Iraq's tax system

Post by rocky Sun 15 Aug 2021, 7:45 am

The Finance Committee of the Iraqi Parliament on Sunday called for an amendment to Iraq's tax system in line with developments in the country.

"The Iraqi tax system is not in line with the economic, social and political developments in the country," committee rapporteur Ahmed al-Saffar told Shafaq News.

He noted that the majority of the country's tax regulation laws are old and date back to the last century, such as income tax law No. 113 of 1982, calling for a review of those laws.

It was not a single law, but the country needed to legislate new tax laws that were consistent with the economic, financial, administrative and political situation and reflected fiscal and economic policy.

Al-Saffar stressed the need for tax-prudent laws to be flexible and change as the country's economic conditions change, whether in the case of prosperity, recovery or vice versa.

"The tax system as a whole must be seen, and all taxes need to be changed and adjusted to the country's financial and economic situation," he said.
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