The IMF puts a plan for improving Iraq's revenue from taxes

2017-04-27 at 16:29


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Private sector representatives discussed with a delegation from the International Monetary Fund, his approval of a loan to Iraq to pay arrears to contractors and suppliers and farmers, ways to solve this problem, given the importance of stabilizing the economy.

He asked the Deputy Head of the International Monetary Fund for the Middle East and Asia Christian jaws at the meeting in Baghdad about the possibilities that increase State revenues, including activation of taxes and those levied on non-oil products, pointing out that the tariffs were between 5 and 10 per cent, saying it's not the right way where customs revenues, and stressed the need to change this method for up to 30 per cent.

He said that the fastest gains and revenues resulting from tax assignment unit planning, these great earnings imposed on traders.

Called JAWS to hiring freeze until the management development, because a higher proportion of staff in the civil service was a way to please the other and recruited without regard to efficiency, this system will lead to a deficit over the next 10 years.

The problem of weak banking sector and the importance of strengthening business through restructuring of Rafidain and Rasheed, and open wide space in front of the private banks with the need for calendar weaknesses and lay the foundations to combat money laundering, as a form of integrity and specialized organizations. And noted the progress made by the Office of financial supervision audit unaudited transactions.

The Economist said Ibrahim Al-Baghdadi in the intervention, Iraq began to collect tariffs in some Customs resources increased to more than 30 times, electricity collection rose 20 times, and the Ministry of electricity power companies fees collection under investment contracts, started to show positive results.

He stressed that payment will move the wheel market and address poor liquidity in markets, which affected the level of per capita income and small business.

Iraqi contractors Union President called on óäçýí, release the arrears of transactions audited by the Office of financial supervision. Contractors said 34 features a contractor, gets a large portion of their suffering at some point tax calculation, tax deduction amounts are reserved to the provinces.

Economic researcher considered Lubna Al-shammari, the reform of the banking sector gate to enter diverse investments to Iraq



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