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No new taxes on employees
9/4/2016 0:00
[rtl]Finance Committee expects adoption of thebudget in record time
BAGHDAD Shaima Rashid
at a time when the government was able to pass the budget next year Belhaz financial challenges facing Iraq as a result of lower oil prices and theexpenses of the war against "Daesh", the Finance Committee has confirmed the absence of new taxes on employees, unexpected approving the budget in record time without delay.
member of the Finance Committee Hossam punitive, ruled that the imposition of new taxes on employees in the budget next year, with likely tax limited to the old ones, which goes part of the crowd and displaced persons, bearing according to mid - September appreciation or end of the time - limit for approving the budget.
punitive told the "morning , " he said the budget bill needs to be at least a month and therefore the completion will be within the constitutional timings, revealing a proposal to amend the Income tax Act submitted by the tax directorate to the Council of Ministers, detailed to say about the proposal modifying the tax bill that includes a tax of nominal salary and allowances deducted includes first - class, second and special grades and above, expected to add some taxes and fees , considering that non - oil revenues arevery few.
as a result , the challenges of oil prices and their volatility between oversupply and low level of growth in consuming countries such as India and China the adoption of theUnited States , the biggest consumer of energy on fossil oil, the counting punitive adoption of 35 dollars as the price for a barrel of oil and realistic and that any increase occurring in the future be used to cover the deficit , which is estimated at 30 trillion dinars, adding that a search was underway for the possibility of increasing non - oil revenues as there is of intense meetings , stressing at the same time that the parliament will add items in the budget set the revenue collection such as fees, taxes and customs by government departments, likely to be transfers between the sections weak budget.
Member of the Finance Committee, Sarhan Slevana, supported the view of his colleague punitive by saying, " the approval of the budget 2017 will not be delayed in the House ofRepresentatives in particular was a copy of the budget in 2016 in the doors , "
said Slevana" morning "that the budget next year were limited in detail appointments on the four ministries of defense, interior, education and health needs are available in these ministries , " noting that the deficit ratio is estimated at 30 trillion dinars and revenues 102 trillion dinars and are subject to change, pointing out that the budget of three million eight hundred thousand barrels on average export them five hundred and fifty barrels ashare region adopted at a price of $ 35.
for his part, threatened parliamentary Finance Committee member Jabbar Abdul - Khaliq al - Abadi to take a firm position on the committee in if the imposition of any new taxes on Mozvin.oukal MP Abadi in a press statement "shall not impose new taxes without thelaw and according to the information, the original text of the law where there is no deduction outside the budget , " and expressed his rejection of the government hadresorted to the owners of limited income whenever passed financial distress.[/rtl]
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