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

[Big_J]

     

[yota691]

 

 

The symposium hosted by the Association of private banks with the tax authority over the Central Bank's program guarantees about the tax on imported goods

Central Bank imposes a program to determine the tax rates and customs of goods imported and private banks criticized

 

Author: AHF, BS, MJM 
Editor: AHF, BS 23/03/2015 17:44Number of Views: 159 

 

Long-Presse / Baghdad

The Iraqi Association of private banks, on Monday, the central bank imposed a special program for tax guarantees and customs of goods, as shown that this measure came under the guidance of the Council of Ministers to determine the work of traders and keep them away from illegal transactions in foreign currency smuggling, the Agricultural Bank confirmed that work on this The program will reflect negatively on the Iraqi consumer because it will cause rising prices of imported goods.

The executive director of the Association of private banks in Iraq, Tariq vacationer in an interview with the (long-Presse) on the sidelines of the Association held a seminar for banks in the hall eyes Baghdad restaurant in Baghdad, "The Association of private banks in Iraq held a joint seminar with the board of general taxation to explain the program, which will be action by the banks regarding the tax and customs guarantees and this program is not the cons as far as the consequences for their decision mechanism. "

He vacationer "During the seminar some queries raised by the representatives of the banks and we talked to many of the issues and all this was to ensure the correct conversion operations outside of Iraq, as well as lack of any breaches"

For his part, director of public relations at the Association of Iraqi private banks Majid Michel said in an interview with the (long-Presse), "The new program presented by the Central Bank of Iraq came under the guidance of the Council of Ministers," noting that "the objective of this system is to identify the merchant work and keep him out of any illegal transactions, which was followed by some traders in hard currency smuggling out of Iraq. "

Michel added that "the new program will put the merchant toward a clear and present it all transactions and archives will each material imported tariff code and tax Kmarkip."

Michelle pointed out that "this program has been reveled abruptly, which reflected negatively on the banks and the private sector and the public," pointing out that "this application was supposed to show it experimentally for a period of six months at a minimum to allow for staff and executives in banks recognize it more and be able to provide outstanding performance in this program. "

And Michelle that "the program reason at the moment a big uproar from the technical aspects, and our objective was to work on the collection of all the banks and give a lecture by specialists Despite this, we can not judge the current time on the program, but we will wait and anticipate how to work it and import of goods by importers to watch Over the positivity or negativity of the Iraqi citizen. "

In turn, the Executive Director in the general body was taxed spokesman Abdul Aoun said in an interview to the said (range Press) "We are now in the process of transmission, the quality of the old mechanism was adopted by the central bank to entirely different from its predecessor a new mechanism and means to cover foreign goods in hard currency and finish off the conversion to ensure the Treasury rights including tax and customs guarantees and ensures later from entering the goods. "

Aoun added that "this mechanism, among other measures, including court proceedings electronic binding by the central bank and banks and border crossings and its General Assembly and rely on the establishment of a database."

Aoun said that "session of the Association of private banks came to overcome the obstacles and problems which naturally get because of the mechanism used previously, and I think in the coming period if they were to work according to the program which is newly developed, they will be in a better position and will not face any obstacles but needs support and stand by everyone ".

[Big_J]

 

[yota691]

03/24/2015 (00:01 pm)   -   the number of readings: 155   -  number (3319)

 

 

Central imposes a program to determine tax rates. .And private banks criticized

BAGHDAD / long-Presse 

The Iraqi Association of private banks, on Monday, the central bank imposed a special program for tax guarantees and customs of goods, as shown that this procedure came under the guidance of the Council of Ministers to determine the work of traders and keep them away from illegal transactions in foreign currency smuggling, the Agricultural Bank confirmed that work on this The program will reflect negatively on the Iraqi consumer, because it will cause rising prices of imported goods.

 

The executive director of the Association of private banks in Iraq, Tariq vacationer in an interview with the (long-Presse) on the sidelines of the Association held a seminar for banks in Baghdad, "The Association of private banks in Iraq held a joint seminar with the tax authority to explain the program, which will be worked on by the banks regarding the tax guarantees and customs, and this program is not the cons as far as the consequences for making mechanism. " 
He added vacationer "During the seminar some queries raised by the representatives of the banks and we talked to many of the issues and all this was to ensure the correct transfer out of Iraq operations and also not get any breaches " 
For his part, director of public relations at the Association of Iraqi private banks Majid Michel said in an interview with the (long-Presse), "The new program presented by the Central Bank of Iraq came under the guidance of the Council of Ministers," noting that "the objective of this system is to identify the work merchant and remove him from the state of illegal transactions, which was followed by some traders in hard currency smuggling out of Iraq. " 
He added, Michelle "The new program will put the merchant toward a clear and present it all transactions and archives will each material imported code and tariff tax Kmarkip." 
He noted Michel said that "this The program has been reveled abruptly, which reflected negatively on the banks and the private and public sectors, "pointing out that" this application was supposed to show it on a trial basis for a minimum of six months to enable the employees and executives of the banks recognize it more and be able to provide outstanding performance in this program. " . 
and Michelle that "the program is the reason for the time being a major controversy of the technical aspects and our objective was to work on the collection of all the banks and give a lecture by specialists, and despite this, we can not judge the current time on the program, but we will wait and anticipate how to work it and import of goods by importers To see the extent of positivity or negativity of the Iraqi citizen. " 
In turn, the executive director of the GCT spokesman Abdul Aoun in an interview with the (long-Presse) "We are now in the process of transmission, the quality of the old mechanism was adopted by the central bank to entirely different from its predecessor a new mechanism means coverage of foreign goods in hard currency and a conversion to ensure the Treasury rights, including tax and customs guarantees and ensures later from entering the goods. " 
He said Aoun that "this mechanism Court inter measures, including electronic measures binding by the central bank and banks and border crossings and its General Assembly and rely on the establishment of base data. " 
He said Aoun "The session of the Association of private banks came to overcome the obstacles and problems which naturally get because of the mechanism used previously, and I think in the coming period if they were to work according to the program which is newly developed, it would be in a better position and will not face any obstacles but needs to support and stand by his side by everyone. "

 

http://almadapaper.n...يد-النسب-الضريب

Read more: http://dinarvets.com/forums/index.php?/topic/199677-central-imposes-a-program-to-determine-tax-rates-and-private-banks-criticized/#ixzz3VK7YJls7

Cabinet agrees to accept instruments of private banks to pay taxes and fees

History of edits:: 24.3.2015 quarter past seven p.m. • 33 visits readable

{Baghdad: Euphrates News} Economic Committee of the Council of Ministers approved the proposal of the Central Bank of Iraq to accept issued by private banks to pay taxes and fees instruments.
 

The central bank said in a statement received {Euphrates News} copy of it on "The Economic Committee of the Council of Ministers approved the proposal of the Central Bank of acceptance issued by private banks to pay taxes and fees of all instruments, and without specific have a time limit." 
The Prime Minister for Economic Affairs Adviser the appearance of Mohammed Saleh said earlier that the tax to be imposed in Iraq will be a gradual, stressing that inflation in the country is accepted universally. Ended h

Read more: http://dinarvets.com/forums/index.php?/topic/199677-central-imposes-a-program-to-determine-tax-rates-and-private-banks-criticized/#ixzz3VK7omg2h

[yota691]

Concerned: no direct effect on the market price

 

 

         

3/25/2015 0:00 

The new measures come tax to check only 

 BAGHDAD - Hussein al-Tamimi Tgb 

official in the General Authority for taxes source revealed that the new coordination mechanism approved by the central bank comes to regulate and tax verification procedures and follow-up on the ground, pointing out that the tax itself existed in the past and changed collection procedures only came During the seminar organized by the Association of private banks in Iraq. 

Executive Director in the GCT spokesman Abdul Aoun said: Episode aims to clarify the new measures implemented in coordination between taxes and the central bank and customs, pointing out that the Bankers' Association is working to enable private banks from These instructions, explaining the new regulations axis starts from private banks. 

He noted in an interview (morning): We are moving from the traditional mechanism to new again is quite different from the old to ensure the verification of goods and tax payment mechanism court several measures of several official bodies and the Gaza judge represented banks civil. Indicating that the most intense coordination between the Association and the relevant authorities to ensure the rights of all parties as well as their impact on prices in the domestic market. 

He noted that the tax existed in the past and only verification of tax procedures and follow-up mechanism is different. Indicating the need to sober institutional system, where contribute to addressing all the problems that bedevil the work and achieve economic viability of the country. 

deducting tax either, executive director of the Association of private banks in Iraq, Tariq pointed out that the seminar banks and banking representatives of the Authority collected to answer all queries Ottaghlha banks, where representatives of taxes a detailed explanation about the new mechanisms of action and how is the tax deduction for materials importer and the nature of the deal at border crossing points. He pointed to coordinate with the Central Bank to ensure correct financial transfer mechanism, noting that the representatives of the banks and suppliers has become to have an idea of the nature of the The new work and pathways to remedy any defect may accompany the process of supplying materials to the Iraqi market. new mechanisms for his part said one suppliers of food Mohammed Salim said the tax deduction mechanisms and new Alkmarki represented us first thing obstacle, noting that after a meeting with the relevant authorities and inquire about the mechanisms and goals and how to implement new mechanisms picture became clearer. And the impact of the new mechanism on food prices in the domestic market, he said that the taxes paid by the supplier in the past and the smooth flow of work in the need for border crossings.  He said not to influence prices in the event of the correct application of the instructions contained in this regard.                    

[yota691]

Economic Commission agree to accept certified instruments of civil Alsarv 

64 Show    March 25, 2015 18:00

 

(Independent) .. The committee approved the government's economic affairs, on Wednesday, on the ministries and provincial departments is related to the Ministry, to accept certified instruments issued by private banks, with regard to insurance, customs fees and taxes and any other fees.

A statement from the Deputy Prime Minister's Office Economic Committee Chairman Rose Nuri Shaways that it comes in support of the work of special private banks and an increase in the area of ​​economic development and build trust between them and the citizen. "

The statement noted that "the Commission has recommended that the Ministry of Finance to provide necessary for the Department of Defense financial allocations to address the terrorist operations and to sustain the momentum of the battle and to provide them the necessary supplies."

He said that "the Commission recommended that the General Secretariat of the Council of Ministers circulated to the Committee on Economic Affairs Resolution No. (64) in (04/02/2015) special package of financial reforms eligibility for private banks to act accordingly by the ministries and provinces and departments not associated with the Ministry, with the follow-up implementation with those actors in support of the private banking sector, and the approval of the board of advisers assigned to prepare the Supreme Council for Reconstruction Act, contained in Article (27) of the federal budget for the 2015 law. "

The Committee expressed its support and encouragement "Export operations can be public companies affiliated to the Ministry of Industry and Minerals export of surplus products that does not contradict with the Governing Council Resolution No. (30) for the year 2003, and uncles to the ministries and departments not related to the Ministry and the provinces in coordination with the Ministry of Industry and Minerals to take advantage of stagnant material at companies that ministry. "

The Committee decided to raise the "recommendation to the Council of Ministers that the Economic Commission shall be the Committee on Article 16 of the Budget Law, which states that (expansion to open your door for investment and partnership with the private sector by the ministries and departments not related to the Ministry and the provincial limits of their competence and form for this purpose higher committee that the Council of Ministers issued its own instructions and exceptions related laws). (end)

[yota691]

 

Money in one of the private banks

Economic Adviser to Ebadi: acceptance issued by private banks and financial instruments will support the liquidity of the State

 

Author: ASJ, BS 
Editor: AT, BS 26/03/2015 eleven sixteen a.m. number of readings: 110 

 

 

 

Long-Presse / Baghdad

The head of the Minister for Economic Affairs Adviser appearance of Mohammed Saleh, said Thursday that the Economic Committee of the Cabinet decision on the admissibility issued by private banks instruments to pay taxes as "supports the financial liquidity of the state," as pointed out that the central bank went to move the liquidity in the private banks .

Saleh said in an interview with the (long-Presse), "The Central Bank of Iraq went to move the liquidity in the private banks, as well as providing financial liquidity of the State itself, because the state today is in need of funds (Cash) therefore suggested to the Economic Committee of the Council of Ministers to accept instruments of citizens who want to deal with private banks and who are the taxpayers. "

He pointed out the benefit, that "this decision will facilitate the collection of money paid to the banks which goes to any state not restricted tax payment process by the citizens on the Rafidain and Rasheed and diversity in different banks.

The CBI had announced a statement yesterday, the first Tuesday (March 24, 2015) for the approval of the Economic Committee of the Council of Ministers on a proposal to accept the central bank issued by private banks instruments to pay taxes and fees, and all without a fixed roof.

[yota691]

Economist: identification and taxes levied reflected positively on the economic situation in Iraq

 

26/03/2015 12:27 | Number of Views: 1
Font Size:  

BAGHDAD / Source News / .. Economic stressed Ali Jabbar Frejee, on Thursday, that the adoption of a new mechanism in the Iraqi trade market based taxation according to standardized tables, will benefit the economic situation in Iraq. 
 
He Frejee, academic at Harvard University, in a press statement I followed Agency / Source News /, that "the approval of the Economic Committee of the Council of Ministers on a proposal of the Central Bank to accept issued by private banks to pay taxes and fees instruments, is a step towards building a balanced tax program does Banking Movement in Iraq, "he said," This program represents a transition process differs from its predecessors, well that would be a mechanism of action, which can identify money laundering and tax evasion and smuggling currency out operations. " 
 
Frejee and called for "the application of this mechanism properly to support and develop systems and bank credits and guarantees from private banks, which were the basis of many overtaking on the tax system and currency smuggling operations, as well as support for binding electronic system in all the processes and procedures that punctuated this system, in addition to adopting tax approach and clear of all transactions and archives all imported materials within a system of customs tariffs. " 
 
He added that "the Economic Committee of the Council of Ministers to include approval of the proposal to the central bank, to determine a time limit or starting a test process for this program for a certain period (six months or more) to study the obstacles that can be faced by this program." 
 
He said, "One of the ingredients needed by this program to organize training courses include all Iraqi banks, businessmen and institutions that manage the border crossings to establish the first step to launch." 
 
The Central Bank of Iraq, announced last Tuesday, for the approval of the Economic Committee of the Council of Ministers to accept the proposal issued by private banks to pay taxes and fees instruments, without a specific timeframe. / End Q

[Big_J]

[yota691]

8 percent tax rates and customs within satisfy mechanisms

 

 

         

3/28/2015 0:56 

 Baghdad, Hussein al-Tamimi Tgb 
succeeded Association of private banks in Iraq to make progress in the implementation of the new mechanism to meet the tax and customs for Akiem imports implemented by banks after the committee charged with approved determine the ratio to be deducted, amounting to 8 percent dispersed among the 5 percent rate of Customs and 3 percent rate taxes. 
These results come in the light of the panel discussions organized by the Association in collaboration with the Central Bank of Iraq and the General Authority of Taxation and the General Authority for Customs and lasted for two weeks led to the clarification of the final image for the implementation of the mechanism and with ease. 
The head of the Association of private banks in Iraq and Wadih Handal that these results were achieved by fruitful and constructive cooperation and true disclosure of all the obstacles that they define the implementation of the mechanism Vetosalna to the best solution, which is a flawless and what is not allowed to bring charges. 
shad confidence granted by the government to the banking sector at this stage to perform this important and critical role, pointing to the size of the gains for private banks as a result Association's efforts to deliver audio and illustrate the challenges and find solutions to them. 
He said Handal that the Economic Commission approval of the Council of Ministers on a proposal for the central bank to accept issued by private banks instruments for the payment of fees, taxes and without a fixed roof but involves the amount and size of the trust established by the Central in private banks which will contribute Certainly in the correct banks path and provide correct banking services and restore the confidence of the public to their capacities to fulfill its obligations very carefully and accurately. 
He said Handal at the conclusion of his speech that the support of Prime Minister of the banking sector but will lead to attainable to the banking world level in dependence on the implementation of international standards and the attainment of advanced banking that needed by the country in light of the difficult economic circumstances through which the country stressing the desire of banks to support the government program aimed at achieving sustainable development through the active role of the private sector embodies relying on private banks in the implementation of the duties of the state through the mechanism of taxes and fees are met instead.

Read more: http://dinarvets.com/forums/index.php?/topic/199912-8-percent-tax-rates-and-customs-within-satisfy-mechanisms/#ixzz3VfQsepCx

[yota691]

Parliamentary Finance emphasizes the new legislation regulating the work of private banks
27/03/2015 09:46 | Number of Views: 3565
Font Size:  

 

Direction Press / Private

 

Said the parliamentary finance committee member Ahmed Sarhan Thursday the House of Representatives prepared a study bill regulating illegal work of banks provided submitted by the Council of Ministers or the Republic.

 

Sarhan and during his interview with "The trend Press" said that the House wait so laws by the Council of Ministers and the Republic because many banks, especially the civil them operate their own and away from the political and financial government or banking laws, stressing the need for new legislation regulating private banks work follow-up work.

 

He added that the new legislation supports the Iraqi government and private banks, two branches will contribute to the investment process and the reconstruction of the country the fact that the banking system in Iraq, too late for the modern and sophisticated systems in the world.

 

It is worth mentioning that the report of the Organization of Global Financial Integrity last little figures that Iraq has lost nearly six trillion dollars over the past ten years as a result of poor planning and the work of private banks as well as political corruption.

 

The report said that the money is legitimate in Iraq suspicious transactions to a number of politicians source and senior staff in addition to the embezzlement of public money being pumped out again bleach across deposited in Iraqi banks experiencing weakness and lack of laws regulating them.

 

The international reports have indicated that Iraq has lost 6 trillion dollars over [10] years, because of crime, corruption and tax evasion, as well as money laundering.

[yota691]

Tax Authority ply News: New Central tax measures came to check only
 
Sunday 29 March 2015 13:32




 

Moussawi: taxes existed in the past and only verification of tax procedures and follow-up mechanism is different


Qurtas News / Baghdad

GCT, Sunday, announced that the new coordination mechanism approved by the central bank comes to regulate and tax verification procedures, and follow-up on the ground, pointing out that the tax itself existed in the past and changed collection procedures.

The general director of tax Kazem al-Moussawi told the "Qurtas News", "The existing coordination with the central bank and customs and the Association of Banks," noting that "the recent work on the empowerment of the private banks of these instructions."

He added that "the Commission in light of the recent proceedings relating Balastairadat conducted through private banks window move through the traditional mechanism to new again is quite different from the old, to ensure the verification of goods and tax payment," adding that "the mechanism court several measures, and several official bodies and private banks. "

He pointed out that "coordination at the highest level between the Association of Banks and the relevant authorities to ensure the rights of all parties, and not impact on prices in the domestic market," pointing out that "the existing taxes in the past and only verification of tax procedures and follow-up mechanism is different."

It is noteworthy that the Iraqi Central Bank decided Thursday March 25, 2015 to approve the meet 8% of the taxes and customs import by private banks ratio, while the Association of Iraqi banks suggested that this decision reflected positively on the Iraqi economy and the private sector.

The central bank imposed a special program of tax and customs guarantees of goods, while the banking and economic circles have shown that this procedure came under the guidance of the Council of Ministers to determine the work of traders and keep them away from illegal transactions in foreign currency smuggling.

The central bank also announced Tuesday March 24, 2015 for approval of the Economic Committee of the Council of Ministers on the central bank to accept a proposal issued by private banks instruments to pay all taxes and fees and without a fixed roof.

 

[Butifldrm]

 

Parliamentary Finance exclude the removal of taxes in the budget of 2015

29/03/2015 12:40 | Number of Views: 1297

Font Size:  

BAGHDAD / Source News / .. ruled member of the Finance Committee in the House of Representatives Masood Haider Cancel taxes in the budget for the year 2015 Act.

Haider said in a press statement that "from within the budget bill, which has issued instructions to the Ministry of Finance for the year 2015 is a tax which is imposed on the companies and not the citizens directly as companies mobile phone and the Internet, cigarettes, alcohol and cars," denying "there is no intention to cancel the tax."

"The Iraqi citizens must get used to missing the tax culture of our time ago, because all the nations of the world today rely tax law is president of part of the resources of the state and its treasury," noting that "the tax must come from higher-income traders owners and not the poor." Finished / p

 

http://l-news.net/index.php/economy/75075.html

[Big_J]

 

[yota691]

Tax Authority and the Central Bank will coordinate the direction of «collection»

 

 MARCH 29TH, 2015

 IN 1651 THE NUMBER OF READINGS

 

 

Baghdad morning's New: 
GCT announced, Sunday, that the new coordination mechanism approved by the central bank comes to regulate and tax verification procedures, and follow-up on the ground, pointing out that the tax itself existed in the past and changed collection procedures. 
The general director of tax Kazem al-Moussawi In a press statement, said that «the existing coordination with the Central Bank and customs, and the Association of Banks», indicating that «the recent work on the empowerment of the private banks of these instructions». 
He added that «the Commission in light of the recent proceedings relating Balastairadat conducted through private banks window move through the traditional mechanism to new again is quite different from the old, to ensure the verification of goods and tax payment », adding that« mechanism court several measures, and several official bodies and private banks ». 
He pointed out that «coordination at the highest level between the Association of Banks and the relevant authorities to ensure the rights of all parties, and not impact on prices in the domestic market », pointing out that« the tax existed in the past and only verification of tax procedures and follow-up mechanism vary ». 
It is noteworthy that the Iraqi Central Bank decided Thursday March 25, 2015 to approve the meet 8% of the taxes and customs import by private banks, while the Association of Iraqi banks suggested that this decision reflected positively on the Iraqi economy and the private sector. 
The central bank imposed a special program for tax guarantees and customs of goods, while among banking and economic shown that this procedure was guided by Council of Ministers to determine the action traders and keep them away from illegal transactions in foreign currency smuggling.

[yota691]

Parliamentary Finance: taxation to raise the dollar's exchange rate against the dinar

Date: 04/02/2015 11:57

 

 

 

Information / special / .. 
the parliamentary finance committee Ezzat, on Thursday, the reasons for the high dollar against the Iraqi dinar to raise the government's tax on traffickers currency traders and companies, adding that the current price will remain stable and will not rise further.   
A member of the Finance Committee MP Masood Haider said in a statement Agency / information /, said that "the rise in the US dollar exchange rate against the Iraqi dinar was caused by the tax measures taken by the government to cover the real deficit of the budget in 2015". 
He added that "These measures are called for currency speculators, whether they are dealers or companies or individuals, and imposed what 3% to 5% of traders and traffickers currency led to a rise in the exchange rate of the dollar, "noting that" the rise will stabilize at the current figure will not be up to a higher level than the current price. " Finished / 25 m 

Read more: http://dinarvets.com/forums/index.php?/topic/200132-parliamentary-finance-taxation-to-raise-the-dollars-exchange-rate-against-the-dinar/#ixzz3W9148MHK

[yota691]

Parliamentary Finance Committee vows banks that facilitate money laundering deterrent penalties

 

Date: 04/02/2015 13:49

 

 

Information / Baghdad / .. 
the parliamentary finance committee warned Thursday, banks take punitive action against all of the easy-money laundering process and contribute to sabotage the Iraqi economy. 
The committee member said Hossam punitive in a statement received by the agency / information / copy of it, "the Finance Committee agreed after the presence of the Minister of Finance and Director of the Money Laundering Office to hold the first meeting in the presence of financial committees integrity and economy Parliamentary with the Presidency of the Council for the purpose of discussing placed money laundering and take deterrent action against the perpetrators of sabotaging the economy. " 
He added that "the conferees decided to form a parliamentary committee graduate in order to investigate the laundering case money, because of the subject of high-risk and the impact negatively on the Iraqi economy, "noting that" the World Bank warned of the repercussions of washing-winning process in Iraq and its consequences of high risk. " 
The central bank has taken a series of legal proceedings and process aimed at curbing money laundering operations, especially in banks Alahlih.anthy / 25 R.

[Big_J]

GM YOTA and DV.

[Officiallytook]

Lets get it!

[bigwave]

Ha ha ha

 

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

Exactly - it encourages it.

[yota691]

Parliamentary Finance: Dollar rises against the dinar has a direct impact on the ordinary citizen

03/04/2015 05:39 | Number of Views: 313
Font size:  

 

 

Direction Press / Private

Parliamentary Finance Committee Ezzat, Friday, reasons for the high US dollar exchange rate against the Iraqi dinar to a lack of revenue and the policy of the central bank.

Committee member Najiba Najib, in an interview with "The trend Press," said that the most important reasons for the low price of the Iraqi dinar, or the US dollar is the package of measures taken by the Central Bank and the procedures for imposing taxes and customs. Indicating that the lack of revenue because of the security and economic conditions of the country contributed to the rise in the dollar's exchange rate.

Najib explained that the dollar exchange rate is also affected by supply and demand in the market, according to the follow-up pricing and marketing policy of hard currency in Iraq, there is a relative reduction in supply can be an increase in demand, which led to the price rise.

Najib added that there are ongoing meetings between the central government and the competent committees and the Central Bank in order to develop solutions to food processing and the fact that the high dollar exchange rate directly affects the ordinary citizen.

Economic adviser to Iraqi Prime Minister promised that the rise in the dollar's exchange rate against the dinar serve Iraq, through the creation of inter variables positive, such as providing new jobs and stimulate different working local production sectors, indicating that the low price is a "support" for foreign importer at the national account . 

said Abdul Hussein Anbuge, "The foreign currency was wasted in Iraq at large, the Government does not know the volume of imports and where to go orders," noting that "the government is seeking to put an officer on through import by letters of credit identification . "

He added Anbuge, that "taxes The customs tariff on imports will be implemented when the opening credits, "noting that" foreign exchange will not be given to the banks, but when you open the credits of real imports to ensure that back goes from abroad in the form of goods and services. " 


He stressed Anbuge, the dollar rise in the interest of Iraq, attributing to the possibility of the dollar smuggling cheap from Iraq, because the citizen and merchant and importer buys and pays for outside .

Read more: http://dinarvets.com/forums/index.php?/topic/200026-parliamentary-finance-outweigh-the-return-of-the-stability-of-the-dinar-exchange-within-weeks/page-2#ixzz3WHwCv4FF

[gymrat76541]

Funny how governments always come up with a new ways to rob the poor!

Yes, oil prices have dropped, but Iraq is setting new records for the oil exported too.

In their society there are only two classes: Poor & filthy rich.

 

Will these new taxes go away when the price of oil returns to $100 a barrel? Heck no, more than likely they will increase!

 

So much for sharing the wealth!

[yota691]

Central Bank issued Aamama banks to clarify the tax deduction rates

 

 

         

8/4/2015 0:00 

 BAGHDAD - Alaa al-Tai 
line with government directives to facilitate the tax deduction by banks procedures and adopted developmental steps and economic reforms, issued a CBI Aamama to all Iraqi banks illustrates the mechanism and controls the tax deduction and related secretariats of customs duties and tax secretariats importers where it was decided to deduct the proportion of 5 percent private insurance customs fees and 3 percent private insurance income tax from importers, calculated equivalent to the value of the dollar import Dinars.And got the "morning" a copy of the uncles of the Central Bank of the banks that demonstrates controls the tax deduction and facilitate procedures by banks in relation to the secretariats of customs duties and tax trusts from importers, and calculated the Iraqi dinar equivalent of the value of imports in dollars in banks deducted representing 5 percent insurance private fees customs and 3 percent insurance, regardless of the income tax the materials to be imported exempt from taxes, duties or non-exempt, and that will be settled later by the General Administration of Customs and the General Authority for taxes in accordance with the established percentages and contexts approved. 
 The central bank held technical meetings with representatives of all banks to facilitate mechanisms and procedures for the new system of tax deductions and customs and amounts and incorporated into the application also discussed how to open accounts, appreciation and achievement and the development of a coordinating mechanism and its regulation. On a related matter, a senior government official expected to see the export of crude oil market, a rise in the sale of oil prices after the middle of the year 2015, based on weighted on the existence of positive indicators and the possibility reached a limit above $ 70 per barrel, and thus can the deficit exceeded in the current year budget 2015 of 25 trillion dinars so that the financial situation is safe and stable. 
And on the government's measures to deal with the financial crisis, the official stressed that there are committees working and makes recommendations to reduce spending, which is part of the strategy of the government to address the economic and financial crisis, although the individual, adding that any action taken by the Council of Ministers or the relevant committees or to submit a recommendation to address any of the exchange items or paragraphs revenue is part of a deal with the crisis. 
He added that the committee in the Ministry of Finance recently formed will start work tasks soon to develop a strategic budget for the coming years in order to avoid the mistakes that occurred in previous years.

Read more: http://dinarvets.com/forums/index.php?/topic/200384-central-bank-issued-aamama-banks-to-clarify-the-tax-deduction-rates/#ixzz3Wgif2O6r