Baghdad and Arbil to discuss the problem of double taxation and strengthen the role of private banks Date Added 26/07/2017
Economy News Baghdad
A source familiar with the Association of Private Banks, on Wednesday, that a meeting between Baghdad and the Kurdistan region held this morning to find a solution to the problem of double taxation and strengthen the role of private banks

The source said in an interview with "Economy News", that this morning in Erbil held a coordination meeting between the General Authority for Iraqi Taxation and the Kurdistan Region Tax Department and headed the delegation of the central government, the Director General of the Tax Authority successful Abbas and the membership of the Chancellor of the Association of Private Banks Samiralnseiri, The Association of Private Banks Majid Michel, the representative of the Association of Private Banks in Erbil Sherwan Mustafa and the representative of the Central Bank Khaled Shawkat while headed by the Department of Tax Territory Director General Kamal Tayeb Qadir

"The meeting discussed the activation of the decisions reached by the two sides at their last meeting in Arbil on 12 June last, concerning the end of double taxation between Baghdad and Erbil and the coordination of tax procedures and support the work of private banks to contribute to revitalize the economic cycle in the region and in Iraq in general.

He pointed out that Baghdad and Erbil agreed on the need to find a solution to the problem of fees required by the Registrar of companies in the region for the purpose of work of the acquittal of banks noting that "the Kurdistan region has not complied with the agreement, which provided that there is a grace period for three months to complete their tax liabilities for the year 2016 as a prelude to obtaining the tax clearance and postponement of the two tax assessments scheduled for the years 2014 - 2015 to the completion of these items https://economy-news.net/content.php?id=8442