A deputy calls for handling tax and customs evasion cases by collecting taxes in advance from the currency sale auction

Wed, 29 Jul 2020 18:42
 
Baghdad / Nina / The deputy of the National Approach / Hussein Al-Oqabi called to address cases of tax and customs evasion by collecting taxes in advance from the currency sale auction.

Al-Uqabi presented a proposal to form a committee in the Financial Supervision Bureau that takes it upon itself to deduct 10% of the sums that merchants and owners of companies buy from the currency auction from the central bank and secure them with the Ministry of Finance to ensure that they are forced into tax and customs accounting, and to control and address tax and customs evasion cases. To the great imbalance in the collection of duties, taxes and customs tariffs at border crossings, which results in wasting 90% of the expected resources in this field.

He explained in a press statement that "this percentage will be deposited as a trust with the Ministry of Finance until the owners of the companies present their official papers that prove the soundness of their tax position and collect the fees and customs tariffs from them, and in this case only the deducted funds are returned to them."

He added: "We have previously applied such an experiment in Iraq for a limited period (45 days only) and by 5% and provided imports to the Iraqi state of 560 billion Iraqi dinars, which is less than the amount of real taxes, except that the whales of corruption and the beneficiaries of the currency auction led to its cancellation In spite of its importance and confirmation of its success, which prompted us to demand a re-implementation of it and by 10% to achieve important imports to the state budget that may reach one billion dollars per month. External borrowing. / End 5

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