Central Bank announces "new taxes" on "all goods" limits the "money laundering" and reduce "corruption"

[yota691]

Central Bank announces "new taxes" on "all goods"

Central Bank announces

19:12

17/03/2015

Iraqi Central Bank announced on Tuesday, the adoption of a new mechanism for the payment of taxes and control of "money laundering" through the prepayment of taxes and customs of the goods entering Iraq, returned that will double the country's imports, while the view of border crossings body, that the new system "is not without problems "in spite of the possibility of a downgrade" corruption. " This came during a symposium held by the Association of Iraqi banks, today, during which he hosted a group of government experts and managers of banks and economies officials. The Director-General of the issuance of the Central Bank of Iraq, Ihsan Yasiri,, "The bank will depend a new mechanism to control money laundering and selling the dollar against the imports," noting that "the mechanism is very simple and achieved two goals: first, a national information system, and the other is to ensure access to the treasury resources , because the bank would receive advance tax and the private Alcomerk imported goods, for every dollar sells for banks to import. " The Yasiri, that "it is through an electronic mechanism in the banks," noting that "the system calculates the value of the tax and Alcomerk be pushed them all the quality of goods entering Iraq, to ​​meet the bank's cost and sends it to the Departments of customs and taxes," expected to "contribute to the system doubling of resources Iraqi treasury. " But the director of the General Administration of Customs, Hakim Jassim grave, believed that "the new mechanism is not without problems, although it will increase the customs imports and reduce administrative corruption." Jassam said, "The new experience will not be without problems although it is a step for the development of economic and trade situation in Iraq," noting that "the application of the new system will see some errors in the beginning as a result of the lack of border crossings linking some mail order." He predicted the Director of Public Authority for Customs, said: "The new system contributes to an increase of imports by 200 percent." For his part, saw the executive director of the Tax Authority, the banks get the dollar is going to be interested in procuring tax under the new system, it needs to be returned infrastructure to ensure the application effectively. The spokesman said Ardan,, "The theme adopted by the Central Bank of Iraq to protect the dollar provides access to the customs and tax dues, despite the problems that included," returned to "the new system needs to infrastructure Dmama to apply it effectively." He explained Ardan, "The new system marks the beginning of the establishment of a centralized database," asserting that "banks that get the dollar is going to be interested in procuring the tax." He said Executive Director of the Tax Authority, said: "The system includes a lot of technical details and procedures aimed, among other objectives, to maximize revenue through tax-taking." The government officials and economists emphasized earlier, that Iraq is losing annually an amount up to $ 20 billion in tax revenues, due to corruption fulfillment of customs duties in the border ports and tax evasion. The Ministry of Finance, in (the thirtieth of January 2013), that the imposition of tariffs on imported goods will be starting from 2014, and by no more than 20% of their value, indicating that the fees will be imposed at all border crossings, including the Kurdistan region. The Iraqi government announced earlier, for Amadaha applying tariff law gradually according to a fixed timetable, and stressed that the law will include some of the goods.

[Big_J]

How do you pay taxes on less than a penny?  I guess if you get enough pennies together.

[eburt]

How do you pay taxes on less than a penny?  I guess if you get enough pennies together.

Agreed - Something is not adding up with these articles coming from Iraq - How can you charge taxes on a pennyless currency??? I wish we had a contact/intel on the truth of these article coming from Iraq - It's Amazing each year theirs a different hold-up for the RV......CRAZZZZZZZZYYYYY

[SgtFuryUSCZ]

***///

 

We figure it HAS to be worth more than they're telling,

 

otherwise why would the WB & IMF "lend" them all that money...?

 

How're they expecting to be re-paid.. worthless sheckles?

[yota691]

Work: National Center for Research and Studies issued a brochure tariff duties and formations

 

History of edits:: 18/3/2015 11:31 a.m. • 38 visits readable



{Baghdad: Euphrates News} issued the National Center for Research and Studies one of the formations and the Ministry of Labour and Social Affairs introductory brochure includes his duties and formations and the mechanism of action has followed and its importance in achieving the goals and indicators for the work of the ministry.

He said ministry spokesman Amar Menem in a statement the agency {Euphrates News} received a copy of it today that "the National Center for Research and Studies mean issuing research and studies and periodic reports in the fields of knowledge various include research that deepens contemporary work and its relationship to its environment and basic research concerning the activities of the ministry and departments affiliated concepts as well as his interest in many aspects as an achievement of studies and reports on different terms of reference for the study of the final reports of the seminars and symposia and other things that the aims of the ministry. " 
He said the "center continues to publish a magazine {work and society} periodically, a magazine dealing with the deployment of topics related to the theories and concepts, research and studies and the other representing the theoretical and intellectual side of the objectives of the ministry as well as the implementation of tasks to renew targets and indicators for the annual plan for the center's work in line with the goals and aspirations of the ministry in the development. " 
He added, Menem said, "The Centre has a section shall aspects of development, training and decision to hold scientific symposiums, seminars and coordinating actions with lecturers from within the ministry and the rest of the Iraqi state institutions and universities to discuss topics related to the ministry's activities and the preparation of specialized training programs in order to build the capacity and capabilities of the staff of the ministry, ".anthy 

[yota691]

 

 

A new system of central WNBC maximize revenue and reduce corruption

Central Bank announces new tax system limits the "money laundering" and reduce "corruption"

 

Author: MK, RS 
Editor: BK, RS 03.17.2015 5:58 p.m.number of readings: 591 

 

 

 

Long-Presse / Baghdad

Iraqi Central Bank announced on Tuesday, the adoption of a new mechanism for the payment of taxes and control of "money laundering" through the prepayment of taxes and customs of the goods entering Iraq, returned that will double the country's imports, while saw the board of the border crossings, that the new system "is not without problems "in spite of the possibility of a downgrade" corruption. "

This came during a symposium held by the Association of Iraqi banks, today, during which he hosted a group of government officials, economists and managers of banks, and attended the (long-Presse).

The Director-General of the issuance of the Central Bank of Iraq, Ihsan al-Yasiri, in an interview with the (long-Presse), "The bank will depend a new mechanism to control money laundering and selling the dollar against the imports," noting that "the mechanism is very simple and achieved two goals: first, a national information system, and the other is to ensure access to resources for the treasury, because the bank would receive advance tax and the private Alcomerk imported goods, for every dollar sells for banks to import. "

The Yasiri, that "it is through an electronic mechanism in the banks," noting that "the system calculates the value of the tax and Alcomerk be pushed them all the quality of goods entering Iraq, to ​​meet the bank's cost and sends it to the Departments of customs and taxes," expected to "contribute to the system doubling of resources Iraqi treasury. "

But the director general of the Authority for Customs, Hakim Jassim grave, believed that "the new mechanism is not without problems, although it will increase the customs imports and reduce administrative corruption."

He said the grave in an interview to the (long-Presse), "The new experience will not be without problems although it is a step for the development of economic and trade situation in Iraq," noting that "the new system will see some errors in the beginning as a result of not linking some border crossings mail order." .

He predicted the Authority Director General of Customs, that "the new system contributes to an increase of imports by 200 percent."

For his part, saw the executive director of the board of the tax, the banks get the dollar is going to be interested in procuring tax under the new system, it needs to be returned infrastructure to ensure the application effectively.

The spokesman said Ardan, in an interview to the (long-Presse), "The theme adopted by the Central Bank of Iraq to protect the dollar secures access to the customs and tax dues, despite the problems that included," returned to "the new system needed to infrastructure to ensure the application effectively."

He explained Ardan, "The new system marks the beginning of the establishment of a centralized database," asserting that "banks that get the dollar is going to be interested in procuring the tax."

He said Executive Director of the Tax Authority, said: "The system includes a lot of technical details and procedures aimed, among other objectives, to maximize revenue through tax-taking."

The government officials and economists emphasized earlier, that Iraq is losing annually an amount up to $ 20 billion in tax revenues, due to corruption fulfillment of customs duties in the border ports and tax evasion.

The Ministry of Finance, in (the thirtieth of January 2013), that the imposition of tariffs on imported goods will be starting from 2014, and by no more than 20% of their value, indicating that the fees will be imposed at all border crossings, including the Kurdistan region.

The Iraqi government announced earlier, for Amadaha applying tariff law gradually according to a fixed timetable, and stressed that the law will include some of the goods.

 

[Palmtree1970]

Just goes on and on I'm wondering if this will ever happen it's enough to drive one crazyyyyyyyy.

[sandfly]

THANKS

[sandfly]

THANKS

["Fred"]

Just goes on and on I'm wondering if this will ever happen it's enough to drive one crazyyyyyyyy.

[BruceP]

IN MY OPINION (for the neg people) I believe they put the new tariff laws in place, so when they change the value of the dinar

in the next few days, they will start right away making more money. Think about it. That's what banks do. You know when you go borrow money you will pay interest . The rule is already in place. Again IMO

 

We are so close. Go RI/RV

[drj]

IN MY OPINION (for the neg people) I believe they put the new tariff laws in place, so when they change the value of the dinar

in the next few days, they will start right away making more money. Think about it. That's what banks do. You know when you go borrow money you will pay interest . The rule is already in place. Again IMO

 

We are so close. Go RI/RV

 

I like the way you think, Bruce!   It makes sense to me!

[chinadawg]

I do not see a negative about this article.......simply stating ........get use to paying taxes.....................any country that grows much collect taxes.......welcome to the western way of thinking................there is nothing in this article that indicates a stall on the process of adding value to the dinar.

[yota691]

IMF recommends activating the government taxes and expect Iraqis grew by 2% during 2015
Monday, March 16 / March 2015 15:41

 

 

[baghdad-where]

 

Iraqi Ministry of Finance announced today the end of the periodic consultations with the International Monetary Fund [iMF] Yesterday, in the Jordanian capital Amman, a periodic consultations to IMF experts with the Iraqi government representatives ended with agreement on a number of recommendations on improving the performance and growth of the Iraqi economy.

 

According to a ministry statement received by all of Iraq [where] a copy of it to those who participated in these consultations, which lasted several days, Finance Minister Hoshyar Zebari and Oil Minister Adel Abdul-Mahdi and the Governor of the Central Bank of Iraq on the Keywords and representatives from the ministries of trade, electricity, education and the BSA. "

 

And that "During the 14-15 of March ongoing talks to discuss the challenges faced by the economy and the law and the 2015 budget and fiscal policy and reduce costs and avoid any unnecessary expenses and to address the effects of financing from the banking system and the central bank."

 

And recommended that the final statement of the Fund, "the need for the Iraqi government to take measures to increase state revenues from taxes and improve tax collection and customs and tax administration."

 

As recommended by the International Monetary Fund, according to the statement "a number of reforms in the field of expenses in cash flow management and control for better implementation reports, financial situation and better management of debt and close coordination between the Ministry of Finance and the Central Bank and government banks."

 

A statement by the Ministry of Finance that "the IMF experts expect to achieve gross domestic product a positive growth rate of 1.2% in 2015," noting that he "participated in these consultations, officials and experts of the Ministry of Finance of the budget and accounting Iraqi Fund for External Development departments and economic experts circles specialists from Oil Ministry and the Central Bank and the BSA. "

 

And that "these consultations precede the annual international ministerial meetings [Meetings spring] Member States of the International Monetary Fund and the World Bank in Washington in mid-April 2015" .anthy

Read more: http://dinarvets.com/forums/index.php?/topic/199136-imf-recommends-activating-the-government-taxes-and-expect-iraqis-grew-by-2-during-2015/#ixzz3Uk8UNoVM

[skeetdog]

Thanks Yota....Iraq has been crossin' the same river since the beginnin' of time and gettin' their feet wet everytime they have to cross it. Iraq is tryin' to build a bridge across the creek so they want get their feet wet when they cross. First, ya got to build the bridge and have it in place before anyone can walk across it.  The international people involved said they wanted to drive across the creek....it's a better deal all around but ya need a couple more security factor when ya build a bridge to drive across rather than walk across...either way your feet aint wet....

[TrinityeXchange]

hello my friends.  let me add a bit of clarity about what is taking place economically in iraq because i use to be so confused when i would read articles about customs taxation especially after the gurus got a hold of the articles and spin the heck out of it.  

 

iraq is in the midst of comprehensive reformation.  comprehensive because it is happening throughout the entire financial sector through BOTH monetary AND fiscal policy.  for those who are not familiar with difference between those two terms, pause now, take 35 seconds, and educate yourself on them by clicking the links....it is good to know so that you have a sound foundation for understanding current events and news that is coming.  this article is revealing the fiscal reforms taking place as iraq develops a modern economy.  

 

keep in mind that iraq will face a major problem if they were to revalue their currency and significantly increase its purchasing power (the ability to buy significantly more imports).  what little domestic market they have today will be utterly destroyed.  for instance lester habib's rug shop will go out of business because his rugs, once a hometown favorite, can no longer compete with marcy's international rug center prices.  the strength of the currency priced lester out of the market, destroyed income for his employees, and did away with any retail and property taxes paid to the government.  

 

how do you protect/shield the domestic market?  customs taxation.  it is then a good sign that we see mechanisms like this being implemented because it might indicate preparation to add purchasing power to the domestic currency while protecting a fledgling domestic market, giving it opportunity to grow and develop.  remember the privatization initiative whereby the banks plan to loan money to domestic businesses to get the private sector going?  well if you increase purchasing power without adding controls on imports, privatization initiatives are dead out the box.  

 

this is of course just my 

please take it with a swallow of water and tylenol

[Deb45]

Makes a lot of sense to me. Thanks Prof T

[blueskyline]

How do you Curse in Arabic . Because I am sure there is a multitude of unhappy citizens about these taxes.

Edited March 18, 2015 by blueskyline

[boosterbglee]

Thanks Trinity!  Appreciate your knowledge sharing! 

[justchecking123]

Keep trudging, Iraq. Stay the course.

[uncirculd]

IN MY OPINION (for the neg people) I believe they put the new tariff laws in place, so when they change the value of the dinar

in the next few days, they will start right away making more money. Think about it. That's what banks do. You know when you go borrow money you will pay interest . The rule is already in place. Again IMO

 

We are so close. Go RI/RV

Yes and goods will go up and I don't think the folks can handle a rise in goods.   If they start collecting taxes now you could be spot on.  Will be very interesting to see how things move in the next week.  

[gymrat76541]

Ha ha ha

 

Exactly how does taxing everything eliminate "money laundering"????????????

[fnbplanet]

An excerpt from the tariff law that they passed in June, 2012:

 

This article was amended by the Second Amendment to the law of customs tariff No. 22 of 2010 numbered 27, 2013

Article 11 I. This law implemented in phases, and are selected and the designation covered by imported goods at each stage in coordination between the public the Authority for Customs and the Committee on Economic Affairs of the Council of Ministers that the time limit does not exceed the application of the final stage and access to the full application of the provisions of the law three years date of its publication in the Official Gazette.

Secondly - Finance Minister to instruct the implementation of this law.

Third - this law is implemented as of 30/6/2012.

Above from this page:

http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.iraq-lg-law.org%2Fen%2Fnode%2F2189&act=url

Entire tariff law:

http://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.iraq-lg-law.org%2Fen%2Fnode%2F2189&act=url

 

Seems as if they had a deadline on this, no matter where they were going to be in the RV process.

[yota691]

The tax system in Iraq .. enabled this international claims and local criticism of the timing of its application!

19/03/2015 11:03 | Number of Views: 1185

Font Size:  

Special / Source News / .. in Iraq longer TTM oil more important compared to the tax Revenue, which comes in the late stages after oil, and for the role of the tax, which is one of the financial policies that affect the national economy, a lot of shortcomings implementation, building of the national economy and protect it from inflation and deflation and the movement of capital towards certain sectors of the main obstacles to tax Iraqi reality

And confirms the Parliamentary Finance Committee member Haitham Alajaburylockalh / Source News / that Iraq does not have a culture of tax awareness. He points out that Parliament has failed several times in the legislation of laws that support the collection of taxes is wasted on the country's substantial financial resources, they could help him in the annual's balance, which is very heavily dependent on oil imports only. 

Jubouri and points out that there is a lot of investment and industrial and commercial companies evade paying taxes, but they go out of their capital abroad to avoid paying dues imposed on them.There is also a large careless by the General Authority for taxes in the collection of funds from some institutions and companies operating in Iraq, "it raises a lot of question marks around it." 

To the Director General of the Public Authority for taxes Kazim Ali Abdullah: The tax system in Iraq, only a fraction of overall revenues and revenue main TTM oil does not constitute Since the TTM oil state-owned and fully state Atdhar itself if the first TTM still

He added that the claims freeze or canceled for a specified period or some of the proposals that arise can not be implemented on the basis of the Iraqi Constitution, which work in which all the current Iraqi government circles because he can not cancel the tax system in Iraq, but the law is issued by the Presidency of the Council of Ministers and is forwarded to the Parliament for approval. and that this law is not the texts of rigid, but behind a certain idea of ​​a specific goal is that what you want the state tax, which is linked to the economic and political sense for the state when the state economic and strategic vision of a comprehensive, they elevate to the laws in the financial, monetary and trade policies, which are all of the national economy for the current Iraqi So when there is a policy of the state would like to enact a law to exempt or cancel the tax system in Iraq, we implemented hand ready to implement this law and to apply it in Alhal.olas our decision to succumb or Ankhadda citizen tax maturity in Iraq.

He noted that the Commission has made significant revenues and a reason for the growing body revenue return to the security and stability enjoyed by Iraq at the moment, which stimulated many companies and businessmen to pay what Bzmmanm of financial dues to the body as the clear increase in economic activities across the country role great in the growing body revenue last year, and we expect to increase that revenue multiples after starting the fulfillment of tax payments by oil companies that won contracts licensing rounds, and that the tax interpolation ratio by these companies will be 35 percent of the net profit after paying Iraqi partner's share of them. We have achieved in 2010, nearly a trillion dinars annually as income of the General Authority for taxes and we expect this to increase revenues in the coming period.

He stressed that the mechanisms used in the body for tax Alasthsalat is not the level of ambition and not trivial and we are working on a simplified to a great extent, and here to be Altodh that some tough measures carried out through the implementation of tax transactions are no longer only to the tax administration, but there are many regulators are working to control taxes work in Iraq, which compels us to find additional rings to hold the special tax transactions in order to make sure the transaction completed health and this Aymanana than to say that he does not have a tax awareness enough in Iraq because of the weakness Projecting lights before the media in Iraq policy Aldharaah in Iraq .

The Ministry of Finance had earlier announced the end of the periodic consultations with the International Monetary Fund (IMF) in the Jordanian capital Amman, a periodic consultations to IMF experts with the Iraqi government representatives ended with agreement on a number of recommendations on improving the performance and growth of the Iraqi economy.

A press release of the ministry: that those who participated in these consultations, which lasted several days, Finance Minister Hoshyar Zebari and Oil Minister Adel Abdul-Mahdi and the Governor of the Central Bank of Iraq on the Keywords and representatives from the ministries of trade, electricity, education and the BSA. "

And that "During the 14-15 of March ongoing talks to discuss the challenges faced by the economy and the law and the 2015 budget and fiscal policy and reduce costs and avoid any unnecessary expenses and to address the effects of financing from the banking system and the central bank."

And recommended that the final statement of the Fund, "the need for the Iraqi government to take measures to increase state revenues from taxes and improve tax collection and customs and tax administration."

As recommended by the International Monetary Fund and a number of reforms in the field of expenses in cash flow management and control for better implementation reports, financial situation and better management of debt and close coordination between the Ministry of Finance and the Central Bank and government banks. "

A statement by the Ministry of Finance that "the IMF experts expect to achieve gross domestic product a positive growth rate of 1.2% in 2015," noting that he "participated in these consultations, officials and experts of the Ministry of Finance of the budget and accounting Iraqi Fund for External Development departments and economic experts circles specialists from Oil Ministry and the Central Bank and the BSA. "

And that "these consultations precede the annual international ministerial meetings (Conference spring) to the Member States in the International Monetary Fund and the World Bank in Washington in mid-April 2015".

On the other hand stressed the parliamentary finance committee member Abdul Qader Mohammed on the need to examine all avenues to find possible solutions to overcome the financial crisis faced by the country as a result of the general budget for the 2015 deficit.

He said Mohammed in a newspaper interview: that the crisis that hit Iraq and of the large deficit in the budget weighed heavily on all state facilities projects and investments and others that require the preparation of an extensive and comprehensive information about the cause of this deficit and ways to treat the study, adding that the government has developed effective solutions to address this deficit.

He added that most of the countries that suffer financial problems in the budget may not be dealt with in a short period due to the ongoing volatility in global oil markets if this state is completely dependent on oil, such as Iraq, noting the need to search for alternatives for oil, stressing that the high oil price and recovery can not be relied upon because of my time and is subject to the vagaries of the global market.

The MP Habib Terminal, said in a previous federal budget for 2015 as fill budget gaps.

Terminal and said that the budget is facing a big problem of instability in the price of oil which is placed on the $ 60 and this is an acceptable measure of prices that have been developed by the neighboring oil-producing countries, but oil imports ....

For his part, the Iraqi National Business Council, said the new mechanisms adopted by the Central Bank regarding the calculation of trusts customs rates prescribed in the customs tariff law, it is possible that "contribute to the creation of a banking market in Iraq," while pointing out that the new mechanism will be in the banking sector pricing and taxes are levied in accordance with the detailed tables provide customs and taxes for each substance subject to the fee Alkmarki.

The Business Council said in a statement, "The new CBI mechanisms recently announced and trusts related to the mechanism of calculating customs rates prescribed in the customs tariff and the amount of current law for the banks could create a banking market in Iraq." The Council noted, that "every Iraqi, especially 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, which is also trying to make the private banking sector role in economic development. "

He said the Council, that "in light of the 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 Council pointed out 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."

The central bank, held a meeting on Thursday (12 March 2015), with specialists in the General Administration of 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.

Since the first law of tax legislation in Iraq in 1927 and until the completion of Law No. 113 of 1982, there has been no development of the Iraqi tax legislation. Preoccupied with wars of the former regime. CPA issued an order bearing the number 49 lowers tax rates between 40% and 60%, but did not succeed in achieving the main objective of the taxes, either economically or social.Successive governments have resorted to indirect taxes, Vsawt the poor to the rich. While the evolution of the size of tax evasion for companies, for Iraq is located in tax injustice crisis.  

According to financial expert Munir Abdullah high, the tax system has not received the required follow-up, on the grounds that Iraq's oil-rich country. So the tax legislation he has no interest that was by the community or the Iraqi state financial institutions and laws that define the tax administration. High and continues that "after 2003 passed a lot of laws and regulations, but so far there is no real justice in tax policy, where we note that the taxes levied on specific doors, without taking into account the standard of living, especially with the recent decisions taken by the central government to increase taxes on certain goods, in order to help them cross the financial crisis, or those that are imposed on property or imposed on certain kinds of imported goods without the other. " 

Rabia is that "this policy can cause loss of domestic production, which will reflect negatively on the citizens and the economy as a whole. Therefore, we find that Iraq is seeking to achieve financial and economic reform, according to the new shifts and about this fact can not talk about economic reform without achieving tax reform . This is the real challenge each other reforms. " 

Economic Adviser to the Prime Minister and the appearance of Mohammed Saleh refers to indirect taxes is a good remedy adopted by the tax administration in the last period. He says, "governments have adopted this style because of the difficulties of tax collection, as there is no accurate statistics on the size of the taxes, and expected revenues." 

However, one of the staff in the Ministry of Higher Education, is that what applies today from the tax is "theft," says "pay taxes in exchange for certain services, but we are in Iraq, we do not get any benefit, the state does not impose a bowl tax commensurate with the capabilities of citizens. where is the imposition of indirect taxes on all citizens, without discrimination according to incomes between social groups. " 

Economists consider that taxes have failed to perform entrusted with the role, whether directly or indirectly. He says economist Ahmed al-Husseini The tax system in Iraq, "a distorted and inactivated." He points out that the tax system does not work even in achieving the financial resources to cover the deficit. Husseini explains that the tax Tstqtaha government employees' salaries do not clog the 2% of the deficit, Taxes amounting to nearly two trillion dinars (one billion and 800 million dollars), in contrast, the total deficit investigator in the budget of up to 37 trillion Iraqi dinars, or about $ 43 billion, This means the government's failure to direct taxes to cover the deficit. " 

As Khalil Saddam, the owner of a shop in central Baghdad, confirms that the tax in Iraq has not been brought to justice onion, they are levied on goods without the other, as they enter the door is not in its original location, it is exaggerated, especially with our reviews to convert ownership House Residential or a car or a place, it imposes taxes exceed a quarter of the value of the property or the shop and this is logical.

To the Association of Iraqi banks was held in collaboration with the Central Bank of Iraq in Baghdad seminar to discuss the mechanics of obtaining tax from Iraqi foreign investors and traders.

The general director of publications at the central bank Ahsan Yasiri Bank a new mechanism for the collection of taxes and fees customs of the sale of the dollar was adopted by the bank to investors who intend to bring goods to Iraq, noting that this mechanism will allow the Bank of integrated data on money and outlets dispensing movement of base building to curb manipulation of the banking operations.

For his part, noted director of the General Administration of Customs, Major General Jassem wise to the existence of the challenges facing the adoption of this new mechanism, tax and customs, including the absence of what he described as the electronic link between the border crossing points and banks, in addition to the volatile security situation in many areas of Iraq.

In return, economic adviser in the Prime Minister Abdul Hussein Al-Anbuge stressed the importance of the adoption of these mechanisms and its entry into force, saying it will contribute to upgrading of the Iraqi economy and control over foreign and domestic capital.

The move to the CBI on the back of entry customs tariff law into effect, especially after the adoption of many of the paragraphs in the construction of the general budget items for the country, which stressed the need to impose a tax on imported goods entering the Iraqi market to supplement the state treasury money.

[yota691]

 Central Bank: a new tax system limits the "money laundering"

 By: Wab1

on: Wednesday, 18/03/2015 20:25

 

 

Baghdad news / Baghdad 

said the Iraqi Central Bank, the adoption of a new mechanism for the payment of taxes and control the "money laundering" through the prepayment of taxes and customs of the goods entering Iraq, returned that will double the country's imports, while saw the board of the border crossings, that the new system "is not without problems "in spite of the possibility of a downgrade" corruption. " said Director General of the issuance of the Central Bank of Iraq, Ihsan al-Yasiri, in a press statement, said that "the bank will depend a new mechanism to control money laundering and selling the dollar against the imports," noting that "the mechanism is very simple and achieved two goals: first, a national information system, and the other is to ensure access to the treasury resources, because the bank would receive advance tax your imported goods and Alcomerk, for every dollar sells for banks to import. " The Yasiri, that "it is through an electronic mechanism in the banks," noting that " the system calculates the value of the tax and Alcomerk be pushed them all the quality of goods entering Iraq, to meet the bank's cost and sends it to the Departments of customs and taxes, "expected to" contribute to the system by a doubling of the Iraqi treasury resources. " But the director general of the Authority for Customs, sage Jassim grave, he saw that " The new mechanism is not without problems, although it will increase the customs imports and reduce administrative corruption. " He said the grave in a press statement, "The new experience will not be without problems although it is a step for the development of economic and trade situation in Iraq," noting that "the new system will some errors in the beginning as a result of lack of linking some border crossings mail order. " He predicted director general of the Authority for Customs, said: "The new system contributes to an increase of imports by 200 percent." For his part, saw the executive director of the board of the tax, the banks that get the dollar is going to be concerned procuring tax under the new system, they returned it needs to be infrastructure to ensure the application effectively. The spokesman said Ardan, in a press statement, said that "the topic that was adopted by the Central Bank of Iraq to protect the dollar provides access to the customs and tax dues, despite the problems that included," returned to " The new system needed infrastructure in order to ensure its implementation effectively. " said Ardan, "The new system marks the beginning of the establishment of a centralized database," asserting that "banks that get the dollar is going to be interested in procuring the tax." He continued, executive director of the board of tax, that " The system includes a lot of technical details and procedures aimed, among other objectives, to maximize revenue through reap taxes. " The government officials and economists emphasized earlier, that Iraq is losing annually an amount up to $ 20 billion in tax revenues, due to corruption fulfillment customs duties at the border crossings and tax evasion. "