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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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    Economist: Tax revenues from the private sector should be 4 trillion dinars annually

    Rocky
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    Economist: Tax revenues from the private sector should be 4 trillion dinars annually Empty Economist: Tax revenues from the private sector should be 4 trillion dinars annually

    Post by Rocky Sun 12 May 2024, 5:14 am

    Economist: Tax revenues from the private sector should be 4 trillion dinars annually

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    Iraqi currency



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    Economist Manar Al-Obaidi confirmed that “tax revenues from the private sector should be 4 trillion dinars annually.”
    Al-Obaidi told Al-Iqtisad News, “There are more than 8 million economically active people working in the private sector, and based on the average monthly income being around 600 thousand dinars, the value of the revenues collected for people in the private sector amounts to about 4 trillion Iraqi dinars, taking an average of the income tax rate.” The monthly rate is 7%.
    He pointed out that the value of the monthly tax that is supposed to be paid by economically active people in the private sector is approximately 280 billion Iraqi dinars, while the annual tax is approximately 3.5 trillion Iraqi dinars. This does not include the income tax imposed on employees in the public sector and salaries amounting to 40 trillion dinars annually, with a tax rate of 7%, so it will be The amount of income tax from public sector employees is 3 trillion dinars.
    He stressed that unfortunately there is no clear data on the amount of tax that is supposed to be achieved versus what is achieved, but the tax alone is capable of generating revenues of a minimum value of 10 trillion dinars annually and may reach 15 trillion dinars.




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