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[size=30]A specialized Iraqi center: taxes and fees in the 2023 budget on gasoline and kerosene sold to citizens
[ltr]2023.03.30 - 11:06[/ltr]
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[ltr]2023.03.30 - 11:06[/ltr]
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Baghdad - Nas
Today, Thursday, the Iraqi Political Economic Center called for not imposing taxes and fees on the prices of gasoline, kerosene and refinery products within the 2023 budget, indicating that people with limited income will be the biggest losers.
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The director of the center, Wissam Hammal Al-Helou, said, in a statement that “NAS” received a copy of, (March 30, 2023), that “there are indications that the draft budget for 2023 includes a fee of 5 percent on the quantities of benzene and kerosene sold to citizens, with a 5 percent tax imposed on the products of Iraqi refineries.” And 15 percent of the value of imported derivatives sold.
He added, "These taxes, through which it is intended to add 450 billion dinars to the state treasury, will add additional costs that burden the citizens and cause an economic downturn in the country."
He pointed out that "Iraq consumes between 28-30 million liters per day of fuel, and a high amount of it is imported, and imposing a rate of 15 percent on each liter consumed will mean a general rise in prices ranging between 15-20 percent from current prices, adding a new burden on citizens."
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