Sudanese: $26 billion was not subject to customs duties and taxes

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[size=52]Sudanese: $26 billion was not subject to customs duties and taxes[/size]

[size=45]The Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, stated that 26 billion dollars were not subject to customs duties and taxes, indicating that total imports, according to data from the Ministry of Planning, indicate imports worth 42 billion dollars, of machinery, goods and products.[/size]
[size=45]Yesterday, Wednesday, Iraqi Prime Minister Muhammad Shiaa Al-Sudani delivered a speech during the conference on reforming the tax system in Iraq, in which he said, “Tax reform represents an important message to local and foreign investors, companies, and international organizations, regarding the government’s seriousness in restoring the business environment, reforming systems and legislation, and rehabilitating institutional building.” ; “To be more attractive to investment, production and operation.”[/size]
[size=45]Al-Sudani explained that “tax reform was present in all the meetings with businessmen and local and foreign investors,” noting that “implementing the reform requires persistence, determination, diagnosing the defect, and making bold decisions.”[/size]
[size=45]Al-Sudani warned that “the phenomenon of extortion represents one of the factors that deter those charged with fulfilling their tax obligations,” stressing that “the concept of tax needs work, awareness, and education, and tax revenues must be reflected in service projects that improve the living reality of citizens, and make taxpayers feel that they are contributors to development.” .[/size]
[size=45]Al-Sudani believed that “a large part of the problems of banking and financial reforms is the evasion and fraud of some merchants and businessmen from the tax system,” adding that “businessmen go to the illegal market for foreign currency, and leave the official price and the electronic platform in order to avoid the tax.”[/size]
[size=45]He also warned that “some of the reasons for tax evasion are related to the origin of the tax system and its legislation, and some are related to tax culture and the spread of evasion,” noting that “total imports, according to data from the Ministry of Planning, indicate imports worth $42 billion, of machinery, goods and products, and data indicate The Central Bureau of Statistics said there were imports worth 16 billion dollars, which means that 26 billion dollars were not subject to customs duties and taxes.[/size]
[size=45]The Iraqi Prime Minister pointed out that “tax evasion has disastrous effects on industry and trade, and hinders development projects,” adding: “We have taken practical steps in banking and financial reform, land management, electronic payment systems, and support for industrial cities, which is an integrated package that requires reform of the tax system.” ».[/size]
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