Member of the parliamentary finance: IMF required Iraq to impose income tax on employ
Member of the parliamentary finance: IMF required Iraq to impose income tax on employees
2016-05-24 15:48:00 | (Voice of Iraq) - Baghdad
Announced the parliamentary finance committee member Masood Haider, Tuesday, that Iraq is obliged to certify financial budget bill each year according to the International Monetary Fund standards, while noting that the government will impose income tax on staff commitment to the demand of the Fund.
Haider said that "Iraq will be obliged to certify financial budget bill each year according to the IMF standards , " noting that "from within the Fund 's conditions on Iraq 's commitment to it, is to reduce expenses 13 trillion dinars and payments to the oil companies, in addition to the issue of the imposition of income tax according to a specific percentage. "
Haider said that " the income tax levied on the employee currently by deducting a small part of his salary , " pointing out that "no one knows where to go wills , which are deducted from salaries."
" The Fund demands that Iraq operation and investment and diversifying the sources of state and the private sector , " pointing out that "in general loan fund for Iraq well and by very little benefit and contribute to building Rashid of the Iraqi economy."
He agreed IMF and the World Bank and international partners fund, in the May 19, 2016, to give Iraq a loan of $ 15 billion, an interest rate of 1.5%.