Al-Sudani: Tax accounting procedures have witnessed a leap and we are heading towards a qualitative

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[size=52]Al-Sudani: Tax accounting procedures have witnessed a leap and we are heading towards a qualitative shift in registering companies[/size]

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06-06-2024
The Prime Minister, Muhammad Shiaa Al-Sudani, confirmed that tax accounting procedures witnessed a jump due to the facilities provided, and while he indicated that Iraq is on the verge of a qualitative shift in the procedures for registering companies within the electronic procedures, he discussed with Syrian President Bashar al-Assad the importance of raising the level of The fruitful partnership between Iraq and Syria. He reaffirmed Iraq's support for the activity of the Arab World Institute.
A statement issued by the Prime Minister’s Media Office, received by Al-Zawraa, stated: “Prime Minister Muhammad Shiaa Al-Sudani opened the work of the second specialized workshop to support the private industrial construction sector.”
He pointed out that “during the opening, a cooperation agreement was signed between the Trade Bank of Iraq, TBI, and the German Export Credit Corporation, to finance private sector development projects, within the government’s sovereign guarantees initiative, and a letter of authorization was signed to finance the project to establish a plate glass factory in the Najaf Governorate, in the amount of 110 Millions of euros, between the Iraqi Trade Bank and the German banks (Commars Bank) and (Aka Bank).
The Prime Minister viewed an exhibition that included the private industrial sector’s products of construction materials, praising “the efforts made to provide them.”
He stressed that “the main goal of this workshop is to emphasize the need for the construction industries,” pointing to “government support for the industrial sector, and removing the problems and obstacles facing this vital sector, which represents a fundamental engine of the economy, and helps address the problem of unemployment by providing job opportunities.”
He continued, “Supporting the Ministry of Industry and industrialists and all the decisions required by the Council of Ministers are on their way to implementation,” stressing that “there are 8 projects that are on their way to implementation in light of the provision of sovereign guarantees to support the private sector.”
The Prime Minister pointed out “the important package issued by the Council of Ministers yesterday, which included measures related to supporting the industrial sector, including those related to providing land for the construction of projects, and providing the fuel necessary for operation,” stressing that “the government has put in place measures to improve the business environment, and expand payment and collection.” electronic, improving tax accounting procedures, and automating customs procedures.”
He explained, “This package was completed through discussion with the relevant departments as it was discussed in the Council of Ministers, and greater powers were granted to the competent departments in the Ministry of Industry to overcome any red tape or delay,” directing “to present a periodic report to monitor procedures in the event of obstruction or diligence.”
He continued, “Sovereign guarantees provided financial support from German, Italian, and Japanese financial institutions, amounting to 200 million dollars, and there are understandings with the French side, amounting to 1 billion euros, for the construction of industrial projects within the private sector,” explaining that “the steps of networking and implementing the ASYCUDA system “An important step in automating customs and facilitating the entry of goods.”
He stated that “tax accounting procedures witnessed a jump due to the facilities provided,” pointing out that “we are on the verge of a qualitative shift in the procedures for registering companies within the electronic procedures, and we have defined a vision that will be reflected in the form of procedures on the financing side and facilitating borrowing from banks.”
He stated, “We are studying the reform of the Industrial Bank to be an effective tool in implementing plans and programs that drive industrial development,” explaining that “these agreements are an important indicator of external contributions within the Iraqi economy, specifically in the industrial sector.”
The Prime Minister stressed, “The housing and construction sector in general is progressing, and this requires construction materials extensively,” pointing out that “the available factories for various construction materials only cover a quarter of the need according to the projects that will be initiated, especially residential city projects.”
In appreciation of the Prime Minister’s position in support of industrialists, which resulted in a package of decisions taken by the Council of Ministers yesterday, the Federation of Industries decided that June 4 would be National Industry Day.
Meanwhile, Prime Minister Muhammad Shiaa Al-Sudani discussed with Syrian President Bashar al-Assad bilateral relations and the importance of raising the level of fruitful partnership between the two countries.
The Prime Minister’s Media Office stated in a statement received by Al-Zawraa: “Prime Minister Muhammad Shia’ al-Sudani discussed, in a telephone call with the President of the Syrian Arab Republic, Bashar al-Assad, bilateral relations and issues of common interest.”
He added, "The call dealt with security coordination between the two countries in confronting the dangers of the remnants of terrorism and other security challenges, in addition to discussing ways to develop cooperation and expand its horizons in various fields, especially the economic fields, and stressing the importance of raising the level of fruitful partnership for the service and development of the two brotherly peoples." “.
The statement continued, “During the call, they discussed the latest developments in the situation in the region, the ongoing war in Gaza, and the continuation of the Zionist aggression, which requires a unified Arab, Islamic, and international position, in order to end the suffering of the Palestinian people.”
On the other hand, Prime Minister Muhammad Shiaa Al-Sudani renewed his emphasis on Iraq's support for the activity of the Arab World Institute.
The Prime Minister’s Media Office stated, in a statement received by Al-Zawraa, that “Prime Minister Muhammad Shiaa Al-Sudani received the director of the Arab World Institute in Paris, the well-known Iraqi poet and diplomat Shawqi Abdul Amir.” The statement added that “during the meeting, the issue was reviewed.” Iraqi and Arab culture, and areas of cooperation between Iraq and the Institute Foundation.”
The Prime Minister stressed “the importance of introducing Iraqi culture and heritage in European and international circles,” noting “Iraq’s support for the activity of the Arab World Institute, and paying high attention to conveying a true picture of Iraqi arts and creativity to the broader global audience.”
Hussein Al-Saadi:[/size]
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