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Iraqi Finance: Exempting and reducing taxes on some industrial materials
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Mubasher: The General Authority for Taxes of the Iraqi Ministry of Finance revealed, today, Tuesday, the articles that were exempted from taxes and others that were reduced.
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The Director-General of the Commission, Samer Al-Rubaie, told the Iraqi News Agency "INA", that "the primary resources entering the industry have been exempted from imposing taxes."
He added, "The taxes imposed on importing materials (hydrochloric acid, liquid chlorine, sodium hypochlorite, caustic soda and woven plastic bags have also been reduced from 50% to 20% during 2021.")
Finance Minister Ali Allawi had previously stressed the need to prepare a draft A new tax law commensurate with the 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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Iraqi Ministry of Finance
September 21, 2021 3:20 PMMubasher: The General Authority for Taxes of the Iraqi Ministry of Finance revealed, today, Tuesday, the articles that were exempted from taxes and others that were reduced.
[ltr]
Volume 0%
[/ltr]
The Director-General of the Commission, Samer Al-Rubaie, told the Iraqi News Agency "INA", that "the primary resources entering the industry have been exempted from imposing taxes."
He added, "The taxes imposed on importing materials (hydrochloric acid, liquid chlorine, sodium hypochlorite, caustic soda and woven plastic bags have also been reduced from 50% to 20% during 2021.")
Finance Minister Ali Allawi had previously stressed the need to prepare a draft A new tax law commensurate with the 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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