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Long-Presse / Baghdad
The Iraqi National Business Council, on Friday, said the new mechanisms adopted by the Central Bank regarding the calculation of customs trusts established in the law of customs tariff rates, it is possible that "contribute to the creation of a banking market in Iraq", while pointing out that the new mechanism will take over the banks pricing and business taxes are levied in accordance with the detailed tables provide customs and taxes for each substance subject to the fee Alkmarki.
The Business Council, in a statement received (range Press), a copy of it, that "the mechanics of the Central Bank of Iraq and the new recently announced concerning the mechanism calculated trusts customs established in the customs tariff and the amount of current law ratios for banks could create a banking market in Iraq."
The Council noted, that "every Iraqi particularly private banks seeking for the private sector to support the banking sector in particular, what drives the market stability and the stability of exchange rates as a monetary policy of the Central Bank of Iraq tools, attempting to make the private banking sector's role in economic development. "
He said the Council, that "in light of new mechanisms we believe that these mechanisms will create a market between banks, whether public or private, and thus achieved a banking sector that has powered economic activity possible financial liquidity provided by the central bank for private banks."
The Board noted that the "new mechanism in which banks will be business taxes are levied in accordance with the pricing and detailed tables provide customs and taxes for each substance subject to the fee, as well as Alkmarki guess commercial profit."
He was the central bank, held a meeting on Thursday (March 12, 2015), with specialists in general the Authority for Customs, as well as taxes for clarification about the calculation of trusts customs established in the customs tariff law attributed to him, and stressed "the agreement" to determine the percentages of each, especially essential commodities material.
[You must be registered and logged in to see this link.]
Long-Presse / Baghdad
The Iraqi National Business Council, on Friday, said the new mechanisms adopted by the Central Bank regarding the calculation of customs trusts established in the law of customs tariff rates, it is possible that "contribute to the creation of a banking market in Iraq", while pointing out that the new mechanism will take over the banks pricing and business taxes are levied in accordance with the detailed tables provide customs and taxes for each substance subject to the fee Alkmarki.
The Business Council, in a statement received (range Press), a copy of it, that "the mechanics of the Central Bank of Iraq and the new recently announced concerning the mechanism calculated trusts customs established in the customs tariff and the amount of current law ratios for banks could create a banking market in Iraq."
The Council noted, that "every Iraqi particularly private banks seeking for the private sector to support the banking sector in particular, what drives the market stability and the stability of exchange rates as a monetary policy of the Central Bank of Iraq tools, attempting to make the private banking sector's role in economic development. "
He said the Council, that "in light of new mechanisms we believe that these mechanisms will create a market between banks, whether public or private, and thus achieved a banking sector that has powered economic activity possible financial liquidity provided by the central bank for private banks."
The Board noted that the "new mechanism in which banks will be business taxes are levied in accordance with the pricing and detailed tables provide customs and taxes for each substance subject to the fee, as well as Alkmarki guess commercial profit."
He was the central bank, held a meeting on Thursday (March 12, 2015), with specialists in general the Authority for Customs, as well as taxes for clarification about the calculation of trusts customs established in the customs tariff law attributed to him, and stressed "the agreement" to determine the percentages of each, especially essential commodities material.
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