Parliamentary Finance discuss ways of maximizing state revenues

by **Rocky** Wed 17 Aug 2016, 3:01 am

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Parliamentary Finance discuss ways of maximizing state revenues

by Rocky Wed 17 Aug 2016, 3:01 am

Parliamentary Finance discuss ways of maximizing state revenues

8/17/2016 0:00

[rtl]
BAGHDAD - Shaima Rashid discussed theparliamentary finance committee with the tax, customs and Real state departments ways toexpand the country 's non - oil revenues, as well as discuss the most prominent obstacles toachieving that. The committee member said Jabbar Abdul - Khaliq al - Abadi »Sabah»: The Parliamentary Finance Committee hosted a number circuits that get non - oil revenues, a tax, customs and Real State, to discuss the support the revenue of thecountry, especially in light of the shortfall between what is planned in the budgetary sphere and the size of fiscal revenue realized. he MP, said the meeting saw some proposals that would overcome the situation impediments by raising imports of thecountry 's financial ratios, indicating the presence of another meeting next week with theAudit Bureau and the Central Bank to reach a particular decision contributes to the increase in revenue is Alnaftyh.omn most prominent obstacles that been addressed in the meeting between the Attorney - Abadi, he said he was talking about with regard to the Department of tax statistics and customs duties, as well as trade with the Arab countries, where most of them are exempt from fees «tax and customs». He said the tax department has given some observations regarding the tax law and its relationship with the rest of the circuits and how the deduction percentages, in addition to the subject ofReal State Law rents of the new state , which will be implemented soon, which is hoped to solve a lot of outstanding things, pointing out that the Commission is working to reduce these constraints in cooperation with the competent authorities. and the MP, that there is a problem with the scheme between what is stated in the non - oil revenues in the budget for actual, since at least up to 50 percent more than planned, so theCommittee has run on the 2017 budget achieved a record close of planned, adding that the budget depends on oil revenues significantly.[/rtl]

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