Private banks propose the establishment of my knowledge center for inventory finance receivables for Iraqis

Author: AR, ASJ, HH
Editor: AR, HH

5/3/2016 14:20

Long-Presse / Baghdad
Proposed Association of private banks on Saturday, create informative center for inventory finance receivables for the Iraqis, while confirming the need to unify the tax measures between the two governments and the central region of Kurdistan to prevent double taxation.

The head of the Association of private banks and depositary Handal in a statement received (range Press) copy of it, "The Association held a joint seminar with the General Authority for taxes in the presence of figures from the Central Bank of Iraq and the government and the House of Representatives," stressing "the need to deepen the prospects of bilateral cooperation and the private Doralqtaa true partner in the development process in the country. "

Handal said that "the Association of banks confirmed to hold joint quarterly meetings every three months and an average of four meetings a year to follow up on bilateral cooperation issues with the tax authority interspersed with round table sessions held trust placed the end of this week."

Handal emphasized during the seminar, "the need for Iraq to move to international accounting standards especially regarding the work of the General Commission for Taxes", suggesting "create informative center includes databases for all Iraqis financial Hasralzmm."

According to the statement Search conferees "fears of dealing with checks issued by banks, where it was stressed in this area to deal with the banks approved by the Central Bank of Iraq exclusively, according to the latest assessment system (camel) and the top twenty banks as a first stage."

The statement continued that "a number of speakers pointed During the seminar, the need to unify the tax measures and find solutions to the outstanding problems between the federal government and the Kurdistan Regional Government to prevent double taxation solutions", calling for "the adoption of a unified database between the General Administration of Customs and the General Authority for taxes to avoid the problems that can occur between the two sides. "

The phenomenon of corruption, "the biggest challenge" facing Iraq, along with security, since the year 2003, especially the levels reached a level led international organizations specialized to the situation in Iraq from among the "most corrupt" countries in the world, as it has led to popular protests successive last of which was pervaded since the majority of the provinces (the 31 of July 2015), to demand the fight against rampant corruption, and improve services.