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Finance: 5 trillions of dinars, the tax expected to be received in 2019 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Finance: 5 trillions of dinars, the tax expected to be received in 2019

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Finance: 5 trillions of dinars, the tax expected to be received in 2019 Empty Finance: 5 trillions of dinars, the tax expected to be received in 2019

Post by claud39 on Mon Mar 04, 2019 6:41 am


Finance: 5 trillions of dinars, the tax expected to be received in 2019


Finance: 5 trillions of dinars, the tax expected to be received in 2019 13336

Economy News Baghdad

The Ministry of Finance raised a study to the Prime Minister to reduce the volume of taxes obtained from low-income people of professions and free work, while confirming the unification of tax work with the Kurdistan region, expected that the tax revenues during the current year to five trillions dinars. 

The head of the General Authority for Taxation in the Ministry of the successful Abbas Ali, in a statement quoted by the newspaper "morning" official and briefed by "economy News", "The Commission continues to implement its plan set up until 2023, which provides for the advancement of the work of tax and the achievement of revenues to the financial budget additional amounts according to Systematic and scientific work in line with developments. " 
"The plan provides for the reduction of the tax for those with limited incomes, especially those covered under the paragraph (income of professions and free business), as the Commission has recently submitted a study to the Minister of Finance in this regard, noting that this study was submitted to the Prime Minister to decide. 
She pointed out that "the tax exemption is not only by law," asserting the efforts of the Authority to reduce taxes for this segment to mitigate them on the one hand, and the other side so as not to occupy this segment the General Authority for Taxation because the preparation of large, which requires the provision of significant services by the Department and weak revenue, The Authority to transfer the effort and investment of the staff of the Commission for the collection of taxes from oil companies and telecommunications and their implication for sales tax on hotels and restaurants. 
She stressed that "reducing the size of the tax does not include employees, because this segment is supposed to impose a tax on the total salary and not on the nominal as is currently happening," noting that "However, the staff of the lowest grades up to eight are not taxable and the upper limit is 15 Percent of the nominal salary, "revealing" the preparation of a study of the salary tax is based on the formation of a percentage of the salary so that the tax on the higher salaries more than the tax on the minimum salaries in the state. " 
The head of the Tax Authority, the unification of tax work with the Kurdistan region, explicit on the formation of a joint committee in which the representatives of the region and the General Authority for Federal Taxes raised a document confirming the unification of work, and actually was through the border crossing there to open a unit to calculate the tax in the region, The employee is not in the same place as the other sites, so it became one deal and the same tax rate and raised the book to the Minister and when the ratification is raised to the Secretariat of the work in accordance with the record and tax revenues in the region to raise the statistics to be interrupted by the Department of Parallel Of the share of the region in the budget.
And the estimates of tax amounts according to the federal budget for the current year 2019, pointing out that the budget has disclosed the need to collect tax amounts estimated at four trillion dinars, but the plan of the Commission requires the collection of tax amounts exceeding five trillions dinars for the current year.
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