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[size=36]6 trillion lost...Parliamentary Finance indicates a major defect in customs collection[/size]
Political | 04:38 - 04/02/2024
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Mawazine News - Baghdad
A member of the Finance Committee, Moeen Al-Kadhimi, confirmed today, Saturday, that there is a major flaw in the mechanism for collecting customs from the border crossings.
Al-Kadhimi said, in a televised interview followed by Mawazine News, that “Iraq imports annually approximately 60 to 70 billion dollars.” He pointed out that “the state treasury is $6 billion and customs revenues, but they only amount to two trillion dinars.”
He added, "There is a major error in the management of the Customs Authority," noting that "there is a possibility of setting original taxes and an interest in paying taxes through transparency and correct dealing."
He pointed out that "more than 10 trillion dinars are supposed to be collected for the state treasury as a result of importing goods."
A member of the Finance Committee, Moeen Al-Kadhimi, confirmed today, Saturday, that there is a major flaw in the mechanism for collecting customs from the border crossings.
Al-Kadhimi said, in a televised interview followed by Mawazine News, that “Iraq imports annually approximately 60 to 70 billion dollars.” He pointed out that “the state treasury is $6 billion and customs revenues, but they only amount to two trillion dinars.”
He added, "There is a major error in the management of the Customs Authority," noting that "there is a possibility of setting original taxes and an interest in paying taxes through transparency and correct dealing."
He pointed out that "more than 10 trillion dinars are supposed to be collected for the state treasury as a result of importing goods."
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