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Ministry of Labor: Deductions of the pension rights of workers
Economy News - Baghdad
The Ministry of Labor and Social Affairs confirmed on Thursday that income tax is part of the state's revenues, stressing that the deductions are a pension for workers.
The ministry said in a statement read by "Economy News" that "the deductions of income tax from the salaries and incomes of workers in the private sector and mixed and cooperative is the jurisdiction of the General Authority for Taxation of the Ministry of Finance in accordance with the provisions of the Income Tax Law No. 113 of 1982, State ".
The ministry added that "the workers of the mixed sector are subject to the provisions of the law of retirement and social security No. 39 of 1971 and deduct from them the proportion of contributions provided by the law, amounting to 5% of the salary subject to the guarantee," explaining that "these deductions fall within the pension fund and ensure the workers and not only for the purposes of application The law of security, which entails the granting of pension rights to workers in the private sector and mixed and cooperative.
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