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[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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