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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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Reducing taxes on raw materials used in industry

rocky
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Reducing taxes on raw materials used in industry Empty Reducing taxes on raw materials used in industry

Post by rocky Tue 21 Sep 2021, 7:24 am


[size=30]Reducing taxes on raw materials used in industry


2021-09-21
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Yes Iraq: Baghdad

Today, Tuesday, the General Authority for Taxes of the Ministry of Finance revealed articles that have been exempted from taxes and others that have been reduced.
The director general of the authority, Samer Al-Rubaie, said that "the primary resources entering the industry have been exempted from imposing taxes."
He added, "The taxes imposed on the import of materials (hydrochloric acid, liquid chlorine, sodium hypochlorite, caustic soda and woven plastic bags) have also been reduced from 50% to 20% during 2021."
Earlier, Finance Minister Ali Allawi had stressed the need to prepare a draft of a new tax law commensurate with Iraqi society, noting that the percentage of taxes collected amounted to 1% of the state's national product during the past year, which is a small percentage.
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