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Neno's Place Established in 2006 as a Community of Reality


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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    15% tax on social media applications in Iraq

    Rocky
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    • Post n°1

    15% tax on social media applications in Iraq Empty 15% tax on social media applications in Iraq

    Post by Rocky Wed 18 Sep 2024, 5:15 am

    Posted on[You must be registered and logged in to see this link.] by [You must be registered and logged in to see this link.]

    [size=52]15% tax on social media applications in Iraq[/size]

    [size=45]Economic expert, Nabil Al-Marsoumi, revealed that the tax on the social media application “Facebook” will be 15 percent in Iraq.[/size]
    [size=45]Al-Marsoumi wrote in a post on his personal account on the Facebook platform, “The Facebook tax will be 15% in Iraq,” noting that “the government is the one that will impose the tax, due to the financial crisis resulting from the decline in oil prices.”[/size]
    [size=45]The General Tax Authority announced, on Friday (March 15, 2024), a government move to collect taxes from 85 new entities that were not previously included, including taxi companies, social media ads, celebrities, hotels and restaurants.[/size]
    [size=45]The head of the General Tax Authority, Ali Waad Allawi, said in a statement to the official news agency, “The Authority added fees to some companies that were not subject to it, which have (taxi) applications, such as airport taxi, Careem taxi, Play taxi, and the rest of the car rental companies. This sector was not subject to the tax, and we obtained the approval of the Prime Minister to subject them to the 15 percent tax.”[/size]
    [size=45]He added, "We are also studying subjecting advertisements on social media sites, including Facebook advertisements, to a 30% tax, similar to other countries, without imposing any additional fees on Iraqi advertisers."[/size]
    [size=45]He added, "There is also a decision to impose taxes on advertisements for TikTokers, bloggers, YouTubers, and some celebrities who have followers. The decision is up to the Council of Ministers, and it was issued in this regard. Now we are looking for a mechanism to implement these taxes compared to neighboring countries."[/size]
    [size=45]He stressed that “there will be a tax platform to collect these taxes, which include, as we mentioned, taxi companies, restaurants, hotels, and social media advertisements, and their combined number reaches 85 entities that were not subject to taxes. According to an initial, unofficial study, their tax amounts could reach $5 million per month.”[/size]
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