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Iraqi Finance comments on a retroactive tax deduction: The cabinet has the power to cancel it DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Iraqi Finance comments on a retroactive tax deduction: The cabinet has the power to cancel it

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Iraqi Finance comments on a retroactive tax deduction: The cabinet has the power to cancel it Empty Iraqi Finance comments on a retroactive tax deduction: The cabinet has the power to cancel it

Post by claud39 Fri Apr 16, 2021 10:19 am

Iraqi Finance comments on a retroactive tax deduction: The cabinet has the power to cancel it




April 16, 2021





Iraqi Finance comments on a retroactive tax deduction: The cabinet has the power to cancel it 1024





Mubasher: Today, Friday, the Iraqi Ministry of Finance issued an explanatory statement regarding tax withholding, in which it clarified that it is working to implement all decisions and texts contained in the General Budget Law for 2021 that were voted on by the House of Representatives.


The Iraqi Finance added in a statement that the book, which bears the signature of the Minister of Finance, Ali Abdul Amir Allawi, regarding tax withholding came in implementation of the provisions of Article 34, paragraph (c) of the General Budget Law, which includes (the House of Representatives abolishing all customs and tax exemptions and exemptions granted by the decision of the Council of Ministers unless stipulated According to the laws in force) ".


The Iraqi Finance confirmed that it applies the law in paying tax on all income, including the nominal salary and allocations, and the exemption obtained from the Council of Ministers was exceptional.


The ministry indicated that the proposed tax withholding does not include the lower classes, and the Council of Ministers has the power to cancel it.


The Iraqi Finance explained that it was able to take steady steps through the white paper in putting the national economy on the right track, moving away from dependence on the oil resource, and banishing the specter of repeated financial shocks that the country was exposed to after the global oil price fluctuation.


The Ministry called for the country's interest to be kept away from auctions and the method of mobilization that has a negative impact on everyone, stressing its utmost care to ensure the right of constitutionally guaranteed employees and citizens, and no auctions in that.



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claud39
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