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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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Iraqi Finance: Exempting and reducing taxes on some industrial materials

rocky
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Iraqi Finance: Exempting and reducing taxes on some industrial materials Empty Iraqi Finance: Exempting and reducing taxes on some industrial materials

Post by rocky Tue 21 Sep 2021, 8:00 am

Iraqi Finance: Exempting and reducing taxes on some industrial materials
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Iraqi Ministry of Finance
 September 21, 2021 3:20 PM
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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