An economic specialist stresses the necessity of obligating foreign companies to pay taxes on their work in Iraq

Saturday 23 October 2021 10:34
 
Baghdad / NINA / - The specialist in managing economic crises at the American Harvard University, Ali Jabbar Al-Fariji, stressed: "The necessity of obligating foreign companies to pay taxes on their work in Iraq."

Al-Fraiji said in a statement to the National Iraqi News Agency / NINA /: “There was an opportunity to redraft the details of the service contracts (licensing rounds 2009), in 2016 and 2017, through the 2016 budget law, Article 38, and Article 48 in the 2017 budget law, which Foreign companies are obligated to pay tax to Iraq, "referring to the disappearance of these paragraphs in the budgets for the years that followed, and that the preparation of budgets for recent years was devoid of obligating foreign companies from the procedures for collecting tax values ​​on companies operating in Iraq.

" He added:

Al-Fraiji explained, "As is well-known, foreign companies do not submit their data to the Iraqi government, and Iraqi governments do not monitor the rates of profits and discounts for partners, and most importantly, the tax rates are collected from the profits of foreign companies under the pretext of the investment law and exemptions once and other arguments again, which are supposed to be at rates It varies according to production costs and quotas. / finished8

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