Customs: doubling fiscal revenue during the first quarter of this year

by **Rocky** Tue 12 Apr 2016, 3:40 am

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Customs: doubling fiscal revenue during the first quarter of this year

by Rocky Tue 12 Apr 2016, 3:40 am

Customs: doubling fiscal revenue during the first quarter of this year

4/12/2016 0:00

[rtl] BAGHDAD - Tariq al - Araji
revealed General Customs Authority for its revenue doubled dramatically after theapplication of the tariff at the border crossings law, and insisting on the need to raise theexemption for all goods entering the country to achieve additional revenues, theKurdistan region expressed its readiness to apply the law in the border outlets.
The director of the Authority Kazim Ali Abdullah, in an interview for the "morning", said the authority had made large sums exceeding a hundred billion dinars in the first three months of this year , after the application of the tariff, noting that traders initially declined the application , believing the government retreated from the demarcation and after realizing not to retreat began demarcation rising revenue in the month of February and in March a month has doubled from the previous month and measurement balanced will be in June , especially as the automotive suppliers have not demarcation so far and those when they realize the lack of decline Sersmon and so will increase revenue. revenue size Abdullah said that the tariff customs is one of the instruments of fiscal policy being used a tool to achieve two main; the first funding through the realization of revenues to the public treasury by collecting customs duties, and the second is to rationalize consumption, thereby reducing the units of foreign exchange leaked out of the country, noting that because of these two goals may not be that things are measured by the amount of revenue only, sometimes less cargo entering the country decreases revenue customs as well as that there are areas outside the request box Bank as the area and Mosul , and they do not they buy goods longer a luxury , but are focused on thepurchase of food commodities. the manager of the body to be coordination with officials the central bank largely through the exchange of information in electronic form , down to the Investment cable photosynthesis established by the Ministry of communications ,which is inexpensive, fast and secretary in the exchange of information and if theintegration of the optical link will be linked with the central bank to know the size of thesale currency and the volume of goods entering Iraq and the amounts of customs duties.KRG With regard to the Kurdistan region, Abdullah pointed out that the region expressed its readiness to implement the tariff and the officials translating the whole system to theKurdish language, explaining that there is a committee of the Ministry of Finance met theprovince to activate this subject and train a group of staff of the province on theapplication of the tariff. he revealed the Director of the Commission for there areobjections to the officials in the region , such as the large number of exemptions in thecustoms tariff law, while other goods of importance and in contact with the citizen 's life was not spared, indicating that it has re - examine the structure of the exemptions and sent the Commission a letter to the Ministry of Finance to use a suitability to close theexemption gates completely. he continued Director body that customs tariff has become a tool to verify a set of objectives required by the national economy at the present time, since no longer the policy of the Ministry of Finance, but has become a national duty and everyone must work in tandem to make it a success, noting that the application of tariff or activated Abizaid decision of the Prime Minister 's Office No. (413 ) for the year 2015 and of the establishment of points of a customs check in the center and the rest of theprovinces. and on imported goods entering Iraq, the director of the Authority stressed that the Iraqi market now is sacked because of poor some foreign goods industry, and therefore the incoming products do not create income courses, because it is not capitalism products, but consumer go directly to the consumer, adding that this has led to pressure on the stock of foreign currency at the central bank. reform panel pointed out that the application of the tariff is one of the most important economic reform rings and aduty nationally must combine efforts to make it a success and achieve, returned to address this experience, it is hurting the national economy significantly, the fact that thecurrent stage requires the application of tariff law because the country is facing afinancial crisis must combine their efforts to overcome them. Abdullah and went on to apply the customs comprehensively tariff achieve the first two objectives Mali and functional and the other is through the protection of the national economy and protect the items forex leakage and achieve competitive ability of the national best price for theproduct.[/rtl]

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Customs: doubling fiscal revenue during the first quarter of this year

Customs: doubling fiscal revenue during the first quarter of this year

Customs: doubling fiscal revenue during the first quarter of this year

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