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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

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Exemption of enterprises implementing investment projects from taxes and fees

Hkp1
Hkp1
Interacting Investor
Interacting Investor


Posts : 3118
Join date : 2012-12-19

Exemption of enterprises implementing investment projects from taxes and fees Empty Exemption of enterprises implementing investment projects from taxes and fees

Post by Hkp1 Tue May 07, 2013 7:49 pm

Exemption of enterprises implementing investment projects from taxes and fees

2013-05-07


Baghdad/JD/... The Cabinet approved the exemption of companies implementing investment projects from taxes and fees.

The
statement said the Cabinet had received/JD/copy: the Board approved the
draft law on exemption of Iraqi and foreign firms to investment
projects from taxes and duties and referred it to the House of
representatives based on the provisions of articles (61/item first and
80/item 2) of the Constitution, taking into account the opinion of the
legal service in the General Secretariat of the Council of Ministers and
the withdrawal of a Bill supporting development projects by the Office
of the Secretary of State for the Council of representatives.

Non-oil
revenues estimated for 2013 to less (6.9%) Percent, although the
Government has sought to move away from dependence on oil.

The
report said the budget agency/JD/earlier: that non-oil revenues
estimated for 2013 and constitutes less than (6.9%) Percent of revenue
despite the Government's declared policy to diversify revenue and move
away from excessive dependence on oil.

The report noted that the
policies could be adopted to not rely on oil to increase the toll tax
rate and the introduction of new taxes such as income tax for the
employees. Provided that before the introduction of the study of the
social and economic effects and educate citizens to the political
dimensions of the Government tax.

The report called for raising
taxes and fees collected from individuals and businesses, through the
Customs Tariff Act and schedule the implementation of this law, in
addition to a plan for the implementation of the Programme educates
citizens about the benefits that will come from the implementation of
the law on customs tariffs and the potential economic benefits of
وراءتنفيذ for Iraq.

According to the estimate of imports in balance in 2013, a 93% oil, estimated income tax foreign oil companies 0, 25.

The 2013 budget obtained by the Agency/JD/93 percent of Iraq's revenues come from oil, and the remaining ones it depends.


Iraq imports figures.

The toll tax 0, 29
Taxes and other fees 2, 19
Service fees 0, 14
Movable bodies and State-owned public companies 2, 36
Interest income 0, 04
Withholding tax 0, 27
Corporate income tax foreign oil 0,25
Corporate income tax 0, 31
Special income tax for individuals 0, 15
The alkmarki tax 0, 89
Oil revenues 93, 11./finished/22/



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