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[size=36]Parliamentary Committee Reveals Exciting Tax Exemptions for Companies Under Political Cover[/size]
Political | 01:39 - 07/28/2024
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Mawazine News - Baghdad
The Iraqi Parliament's Economic and Investment Committee revealed, on Sunday, exciting details regarding companies operating in the country, noting that some of them enjoy tax exemptions under political cover.
The Vice Chairman of the Committee, Yasser Al-Hussaini, said in an interview followed by Mawazine News: "Some investment companies entered Iraq with the support of political parties, which makes them immune from taxes and fees, and some of them are completely exempt from taxes thanks to this support."
Al-Hussaini added that "these tax exemptions for investment companies resulted in the formation of a class of feudal lords at the expense of Iraqi funds, and that these exemptions included companies working in residential complex and city projects such as Al-Jawahiri City and others, in addition to other investment projects in which the tax rate did not exceed 2%."
Al-Hussaini pointed out that "tax exemption for investment companies, whether foreign or Iraqi, is achieved thanks to the support of political parties to serve their own interests."
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