Private banks agree with the tax authority on the simplification of procedures


Saturday 5 March 2016 13:38

Alsumaria News / Baghdad
It announced that the Iraqi private banks association, Saturday, agreed with the General Authority for taxes on the simplification of procedures and the development of mechanisms that support the work of the two sides, while the proposed establishment of the center of my information includes data for all Iraqis to confine financial receivables rules.

The association said in a joint statement from the private banks and the Tax Authority received Alsumaria News copy of it, "Association of private banks 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," adding that "the Association of Banks agreed with the General Authority for taxes simplification of procedures and the development of mechanisms that support the work of the two sides. "

The head of the Association of private banks and depositary Handal, according to the statement, that "the Association of Banks confirmed to hold joint quarterly meetings every three months, at a rate of four meetings a year, to follow up bilateral cooperation with the Tax Authority, interspersed with round-table sessions held first is the end of this week's issues," noting that "Iraq needs the transition to international accounting standards especially regarding the work of the General Authority for taxes and propose the establishment of the center of my information includes data for all Iraqis to confine financial receivables rules."

She Association, that "a number of speakers at the seminar pointed to the need to unify the tax procedures and find solutions to the outstanding problems between the federal government and the Kurdistan Regional Government to prevent double taxation solutions," emphasizing "the importance of a unified database of adoption between the General Administration of Customs and the General Authority for taxes to avoid the problems that It can occur between the two sides. "

He was the financial advisor to the prime minister appearance of Mohammed Saleh confirmed on Saturday (February 13, 2016), to finance the war and the payment of salaries is a priority for the Iraqi government, noting that the government is reassuring about the payment of staff salaries and has directed for non-oil revenues, while explained that the imposition of taxes on some sales created a six trillion dinars to the government.

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