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Signing A Memorandum Of Understanding Between Baghdad And Erbil !

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The previous meeting between Baghdad and the Kurdistan region "Economy News"
 
 

Economy News Baghdad:

The Association of Private Banks, Tuesday, that a meeting between Baghdad and the Kurdistan region will be held on Wednesday to find a solution to the problem of double taxation and strengthen the role of private banks. 

The Executive Director of the Association of Private Banks, Ali Tariq told the "Economy News", that "will be held in Erbil on Wednesday a coordination meeting between the General Authority for Iraqi Taxation and the Kurdistan Region Tax Department will be headed by the delegation of the central government Director General of the Tax Authority Abbas successful and membership of the adviser in the Association of Private Banks And the Director of Public Relations in the Association of Private Banks Majid Michel and the representative of the Association of Private Banks in Erbil Sherwan Mustafa and the representative of the Central Bank Khaled Shawkat, while headed by the Department of Tax Territory, its Director General Kamal Tayeb Qadir.

"The meeting will discuss activating the decisions reached by the two sides at their last meeting in Arbil on 12 June last, concerning the end of double taxation between Baghdad and Erbil and coordination of tax procedures and support the work of private banks to contribute to revitalize the economic cycle in the region and in Iraq in general."

Tarek pointed out that "Baghdad and Erbil agreed on the need to find a solution to the problem of fees required by the Registrar of companies in the region for the purpose of the work of the acquittal of banks," noting that "the Kurdistan region did not comply with the agreement, which provided that there is a grace period of three months to complete their tax liabilities For the year 2016 as a prelude to obtaining the tax clearance, and postponement of the two tax assessments scheduled for the years 2014 to 2015 until the completion of these belongings.

 

 

Views 8   Date Added 25/07/2017

 

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Baghdad and Arbil to discuss the problem of double taxation and strengthen the role of private banks

 

 

 

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Economy News Baghdad:

A source familiar with the Association of Private Banks, on Wednesday, that a meeting between Baghdad and the Kurdistan region held this morning to find a solution to the problem of double taxation and strengthen the role of private banks.

The source said in an interview with "Economy News", that "this morning in Erbil held a coordination meeting between the General Authority for Iraqi Taxation and the Kurdistan Region Tax Department and headed the delegation of the central government Director General of the Tax Authority Abbas successful and the membership of the Chancellor of the Association of Private Banks Samiralnseiri, The Association of Private Banks Majid Michel, the representative of the Association of Private Banks in Erbil Sherwan Mustafa and the representative of the Central Bank Khaled Shawkat, while headed by the Department of Tax Territory Director General Kamal Tayeb Qadir.

"The meeting discussed the activation of the decisions reached by the two sides at their last meeting in Arbil on 12 June last, concerning the end of double taxation between Baghdad and Erbil and the coordination of tax procedures and support the work of private banks to contribute to revitalize the economic cycle in the region and in Iraq in general.

He pointed out that "Baghdad and Erbil agreed on the need to find a solution to the problem of fees required by the Registrar of companies in the region for the purpose of work of the acquittal of banks," noting that "the Kurdistan region did not abide by the agreement, which provided that there is a grace period for three months to complete their tax liabilities for the year 2016 as a prelude to obtaining the tax clearance, and postponement of the two tax assessments

scheduled for the years 2014 - 2015 to the completion of these items.

 

 

http://economy-news.net/content.php?id=8442

Edited by Butifldrm
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 Economy News Baghdad: 

Under the auspices of the Association of Iraqi private banks, the General Authority for Taxes in the Federal Government and the General Administration of Taxation in the Kurdistan Regional Government in Erbil on Wednesday a joint record to coordinate work in the field of prevention of double taxation.

The delegation of the Association of Iraqi Private Banks included Samir Abbas Al-Nasiri, Advisor to the Association, Shirwan Anwar Mustafa, the representative of the Association in Kurdistan, Kifah Ismail, deputy director of the International Bank of Kurdistan, Saman Burhan, friend of Ceyhan Bank, Huda Jassem, Yusuf Wadud and Majed Michel. The delegation also participated in the meeting of the Central Bank of Iraq The delegation of the General Authority for Federal Taxation, headed by General Manager Abbas Ali, was joined by Mr. Karim Salem Kamash, Director of Business and Professional Affairs and Mr. Abdul Aoun, Director of the Central Bank of Kurdistan. The Executive Director of the Legal Department, Wa'am Salman, Director of the Legal Department, and Emad Abdul Sada Farhan, a company expert, included the delegation of the General Directorate of Taxation in the Kurdistan region, headed by Kamal Tayeb Qader, both Niazi Salahuddin Mustafa, director of the corporate section, while a delegation from the Economic Council and advisers from the provincial government included both Othman Shwani Coordinator

The document, signed by the General Authority for Taxation, was signed by its Director-General, Mr. Abbas Ali, and signed by the General Directorate of Taxation in the Region. The Director-General Kamal Tayeb is able to review the amendments to the Federal Income Tax Law No. 113 of 1982, which has already been approved by the Parliament of the Territory, Tax

The joint minutes, which will be presented to the higher authorities in the federal government and the provincial government to approve the paragraphs on the unification of the annual regulations, to be participated in the preparation of representatives of the two tax administrations, and approved the record participation of the tax administration in the region in the controls committee of the General Authority for Federal Taxation, Of the project for the electronic system of tax accounting and the application of the system of granting the tax number and issuance of the tax card

The two sides agreed through the minutes to facilitate the procedures of tax accounting for Iraqi private banks in the region so that they are held with the headquarters of the banks and all of its branches in Iraq

The two sides agreed to recognize the documents and the acquittals issued by each of them by the other side

The two sides decided to form a joint joint coordination committee to follow up these decisions and obtain the necessary approvals from the official references in both Baghdad and Erbil to put into effect  

The meeting was attended by a delegation from the Association of Private Banks, including Samiralnseiri, Advisor to the Association of Private Banks, Majid Michel, Director of Public Relations, Sherwan Mustafa, Representative of the Association in Erbil, as well as a number of Directors,

As well as representatives of the Central Bank of Iraq

The two sides held their previous meeting in Barbil on June 12, devoted to end the double taxation between Baghdad and Erbil and coordinate the tax procedures and support the work of private banks to contribute to revitalize the economic cycle in the region and in Iraq in general.

The Association of Iraqi Private Banks, previously held a series of meetings with the administration of the Kurdistan Region of Iraq in Erbil, to discuss obstacles to promote cooperation between private banks and tax services in the region, and called for the Association to hold joint quarterly meetings every 3 months, the rate of 4 meetings annually, To follow up the issues of bilateral cooperation in the field of taxation and banking between Baghdad and Erbil.

 

Views 232   Date Added 07/26/2017

 

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19 minutes ago, blueskyline said:

How (if at all ?) will that affect future Hydrocarbon sales and how they are transferred to SUMO and the payments transferred back to Erbil !?!?

its all about the Tax, tax and death 2 things you can count on , so we give you 15%, and we tax you 7%, then you pay 5%when you spend it, then you pay 3% property tax,so what did you get out if it ?  welcome to my world 

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Seems to me that if they are SIGNING tax regulations and joint work regulations that something (Hopefully Hydrocarbons)  has already been agreed upon. Maybe just wishful thinking?!  GO RV!!

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For a minute there, I thought this was going to be an understanding that they would continue to be bloody minded stubborn, awkward & disagree in perpetuity. 

 

Boozers explanation is better !!!!

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The RV is getting closer and closer!  

 

13 minutes ago, mlay901 said:

Seems to me that if they are SIGNING tax regulations and joint work regulations that something (Hopefully Hydrocarbons)  has already been agreed upon. Maybe just wishful thinking?!  GO RV!!

 

I agree with you, mlay901!

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57 minutes ago, blueskyline said:

How (if at all ?) will that affect future Hydrocarbon sales and how they are transferred to SUMO and the payments transferred back to Erbil !?!?

 

CNN Has Sent Our Payment Enforcement Team (Led By LGD) Over To Erbil Dressed In SUMO Wrestling Attire To Get To The 'Bottom' Of This ! :o 

 

:D  :D  :D 

 

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5 minutes ago, Gypsygirl11 said:

Yes, good point Boozer. This is reality...pay up MF's. Tax, tax, and more taxes. Way of the world....sign it and get on with it!

What's does MF's mean

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"A THOUSAND POINTS OF LIGHT COMING TOGETHER " , AND THAT IS JUST WHAT'S HAPPENING  . ALL US CRAZY DIAMONDS HAVE ENDURED LOTS ,INSULTS , DISAPPOINTMENT , YOU ALL KNOW AND HAVE EXPERIENCED THIS . .WE WILL PUMP UP OUR COUNTRY,OUR HARD WORKING MIDDLE CLASS . WE WILL INVEST IN OUR COMMUNITIES ,,SUPPORT OUR MOST FRAGILE WITH HUMILITY AND WITH GENTLE HANDS WE WILL PAY IT FORWARD . THE MEEK SHALL INHERIT THE WORLD

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2 hours ago, Boozer said:

its all about the Tax, tax and death 2 things you can count on

Then when you die, they roll them all into one "The Death Tax "  :deadhorse::lol:

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44 minutes ago, Gypsygirl11 said:

This is reality...pay up MF's. Tax, tax, and more taxes.

 

38 minutes ago, davis411 said:

What's does MF's mean

 

MoFo's ! :o 

 

:D  :D  :D 

 

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2 minutes ago, DinarThug said:

 

 

MoFo's ! :o 

 

:D  :D  :D 

 

LOL, YUP

He knew what it meant/ Davis, what am I going to do with you, your a mess!

Edited by Gypsygirl11
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28 minutes ago, Gypsygirl11 said:

LOL, YUP

He knew what it meant/ Davis, what am I going to do with you, your a mess!

:angel:

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