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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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    The Director General of Taxes announces measures to prevent the recurrence of theft of the century

    Rocky
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    The Director General of Taxes announces measures to prevent the recurrence of theft of the century Empty The Director General of Taxes announces measures to prevent the recurrence of theft of the century

    Post by Rocky Thu 24 Aug 2023, 5:24 am

    The Director General of Taxes announces measures to prevent the recurrence of theft of the century

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    Economy News _ Baghdad
    The Director General of the General Authority for Taxes, Ali Waad Allawi, revealed the revenues generated within four months, and while he indicated the signing of a record of an agreement with the Kurdistan region for the first time since 2003, he announced that measures had been taken to prevent the recurrence of the theft of the century. 
    The Director General of the Tax Authority, Ali Waad Allawi, said, in an interview with the Iraqi News Agency, which was followed by "Al-Iqtisad News", that "since we assumed the tasks of the Authority, we have achieved revenues and deposits of the outlets, during a period of four months, about two and a half trillion dinars, with two trillion total revenues and 585 billion dinars from the deposits." Al-Manafeth,” noting that “a study was drawn up for the commission’s work, especially after the incident of the theft of the century.
    He added, "A committee formed to evaluate the performance of the employees resulted in the issuance of administrative orders to isolate a number of employees from the positions they occupied due to the presence of some indicators, including those related to integrity and others to poor performance," noting that the evaluation and transfers that took place were completely professional and 100 percent.
    Authority revenues
    He pointed out that "the Tax Authority is proceeding with phased and progressive steps, and that the revenues generated came as a result of administrative orders, changes, monitoring and field visits to the Authority," noting that the Authority has achieved, during four months, nearly two trillion net revenues and more than half a trillion in secretariat revenues, such as border crossings.
    And he indicated that "the revenues generated came as a result of the continuous and diligent work and follow-up by the Prime Minister," stressing that "the Prime Minister follows up on a daily basis and calls even late at night to follow up on the Authority's numbers and movements, as well as the Minister of Finance's great follow-up and support of the Authority."
     Amending the law
    He pointed out that "a proposal was submitted to the Minister of Finance to amend some laws related to the General Authority for Taxes within the plan to implement the government program."
    And he indicated that "the legal department in the Ministry of Finance submitted requests for amendments to the State Council for the purpose of studying them, and then presenting them to Parliament for a vote on them."
     Protect the local product
    He stressed that "taxes have contributed significantly to protecting and supporting the local product, and we have a set of additional supportive steps," noting that "the authority's economic goal is to protect locally manufactured products through public sector factories, companies, or the private sector, and these products are subject to Reduced rates, that is, the tax law and its instructions protected these products by imposing rates that are somewhat lower than the tax rates or the standards of the tax rates imposed on the importer, for example the tanning industry and the metal and plastic industry. These are subject to ten percent, which is the lowest rate compared to the countries surrounding Iraq. Like Turkey, Saudi Arabia and the Islamic Republic of Iran, all of these percentages are not less than 25 percent, but Iraq is 10 percent in order to protect the local product."
    He confirmed the imposition of a 100 percent tax on imported tobacco and cigarettes, and now it has become 200 percent on alcohol.
     communication companies
    He pointed out that "the three most important departments in the General Tax Authority are the adult taxpayer department, the direct deduction department, and the companies department."
    And he indicated that "the department of senior taxpayers includes oil companies operating in Iraq, as well as communication and mobile phone companies," adding that "the vision of the current commission is to solve all existing problems without deportation, and we have a real communication group with mobile phone companies."
    He pointed out that "the tax authority has contact with mobile phone companies and has paid parts of the sums owed by them, such as Asiacell and Zain Iraq."
    And he indicated that "there are some meetings held in order to solve problems with the Korek company, as well as companies in the region," adding that "in light of this, the Prime Minister and Minister of Finance instructed to unify procedures with the Kurdistan region, because most of the communication companies are present there."
     internet companies
    Regarding Internet companies, he explained that a delegation from the Tax Authority, headed by the Chairman of the Authority, held meetings with the region and it was agreed to sign a report consisting of 15 articles, and this is happening for the first time since 2003. By 80 to 85 percent," pointing out, "there is a real and serious desire from officials in the region, as well as from the central government, to solve all problems."
     budget taxes
    He pointed out that "the authority's goal is to implement the comprehensive electronic system that will contribute to supplying the state treasury with funds and estimates three times what we achieve today, according to a study prepared in advance for the application of electronic automation."
    He pointed out that "there is a clear will on the part of the Prime Minister and Minister of Finance, Taif Sami, to work in electronic taxation," noting that "a number of companies have submitted offers about their services in the electronic field."
     Theft of the century
    And the head of the Tax Authority announced the Prime Minister’s approval of 6 proposals that we submitted after a 50-day study, as these proposals, which entered into force, will prevent the recurrence of the crime of theft of the century,” noting that “the companies were suspended, and there was no clearance, no non-objection, no entry to tenders, and no payment.” .
    He explained that "the money that was stolen is the money of companies whose time was supposed to expire within the five years, but before the end of its period the theft incident occurred," revealing the companies' claim to hate their money.
    And that "solutions have been taken regarding the financial amounts of the companies affected by the theft of the century, including fixing the value of the company's secretariats, paying part of it, and fixing it with an official letter until the other funds are returned."
    Appointment of 150 degree holders
    He added that the authority needs approximately 500 employees to fill the existing shortage, pointing out that "the Minister of Finance provided the authority with 150 employees who hold certificates."
    He stressed that "the authority is continuing to implement the electronic payment program, and has reached stages, and it will officially enter work next week," noting that this program would eliminate bribery.
    He referred to submitting a proposal to ease tax reviews for taxpayers who are not subject to tax, which will reduce 50 percent of extortion cases.
     Private universities
    The head of the Tax Authority confirmed the submission of a detailed report on the private universities and the related delays in the process of paying what they owed and who are obligated, indicating that the lagging private universities began to respond and now more than three universities have paid an estimated amount of 17 billion dinars owed since 2004.
    He pointed out that "the Tax Authority, with a precedent that takes place for the first time in 15 years, has reserved funds worth one trillion and 500 billion dinars for a group of universities, laboratories, factories, and capital owners who failed to pay taxes."
    Division of Execution of Reservations
    And he continued, "Minister of Finance Taif Sami agreed to create a special division for the implementation of reservations and recovery, which includes the collection of government debts, and she started the first list in the amount of one trillion and 600 billion, and this is a precedent that did not happen in 15 years."



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