The General Tax Authority devises a plan to increase revenues to 6 trillion in 2021

by **claud39** Sun Feb 07, 2021 5:27 pm

The General Tax Authority devises a plan to increase revenues to 6 trillion in 2021

02/07/2021

Economy News _ Baghdad

The head of the General Tax Authority, Shaker Al-Zubaidi, revealed, on Sunday, the revenues achieved for the year 2020, while referring to the work of a new plan that will raise the revenues
. And 800 billion dinars compared to 2019, which amounted to only 3 trillion dinars. ”

He added, "The tax authority has developed a plan to increase revenues for six trillion, which included simplifying procedures and self-assessment in paying taxes," stressing that "the plan would reduce fraud."

Al-Zubaidi pointed out that “the commission has opened new centers that facilitate the process of reviewing the citizen in paying the taxes owed by him, stressing that“ the plan also included the abolition of technical committees and detection and assessment committees to limit corruption, apply self-assessment and encourage the private sector through the facilities provided and end the file of extortion they are exposed to. for him".

He pointed out, "The increase achieved in 2020 compared to 2019 came after implementing an integrated financial plan."

Al-Zubaidi explained that “the application of automation would eliminate costly human endeavor, expecting revenues to exceed 8 trillion after implementing the electronic system,” noting that “the estimated cost of referring the contract to investment companies amounted to 120 billion dinars, and after an in-depth study of the terms of the contract before signing, it was found that The operational cost of the project will not exceed 40 billion dinars.

He announced, "saving 80 billion dinars in referring the project to investment companies, as well as providing companies with profit revenues for years of operation, estimated annually at more than 20 billion dinars."

https://economy-news.net/content.php?id=23995