Zain Iraq: resolution binding taxation us

Tomorrow/Baghdad: Zain Iraq, Wednesday, that the Government's decision to impose sales tax on printed circuit board binding phone charging her, indicated that this tax would affect its sales and earnings would benefit from it.

The company said in a statement it had received "tomorrow", that "the Iraqi Government's decision to impose a sales tax of 20% on printed circuit board shipment phone prices for all classes of binding us", indicating that "the Government approved the law after approval by Parliament, and started to apply starting from 1 August 2015."

The company added that "article 33 of the law of numerate approach federal No. 2 2015, adopted at the end of January this year that the imposition of sales tax on printed circuit board mobilization for all mobile phone prepaid, post-pay and Internet services by 20%", noting that "this law will affect our sales and revenue, and will enter into our thing and not take advantage of them."

Our role is limited to only collect and supply the tax return to the Ministry of finance through the General Commission for taxes, a sign that companies had paid licence fees amounting to 1.25 billion dollars in addition to the third generation frequencies and fees amounting to $ 307 million, and are continuing to pay a proportion of the total revenue of between 15-18%.

"The new instructions in Figure 5, in article 3 (I) provides that the charge (mobile phone companies) to add the tax amount to the price of mobile phone service and Internet service paid in advance or later show the consumer is paying" tax amount "subsection (ii)" every three months, accompanied by a report certified by competent accountant shows activity in accordance with the form of the General Commission for taxes for this purpose ".

She "instructed the Ministry of Finance No. 5 for the year 2015 are necessary to apply the provisions of this paragraph of the Act throughout Iraq, we take into account the provisions of the law of the headquarters of the Iraqi Government after the Parliament approves it we all respect for the participants and working to serve according to the highest international standards."

Mobile phone companies were in Iraq earlier sent letters to its customers informing them that from Saturday (August 1, 2015), to collect and convert sales tax amounting to 20% of nominal installed on charge cards and electronic packaging for prepaid and monthly billing for postpaid service as sales tax users by ministerial order issued by the General Commission for taxes of the Ministry of finance to all mobile carriers. %2F%D8%B2%D9%8A%D9%86-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%82%D8%B1%D8%A7%D8%B1-%D9%81%D8%B1%D8%B6-%D8%A7%D9%84%D8%B6%D8%B1%D8%A7%D8%A6%D8%A8-%D9%85%D9%84%D8%B2%D9%85-%D9%84%D9%86

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