The central government: the imposition of additional taxes in the budget of 2018 to get a trillion dinars




28/09/2017 11:51 | Number of readings
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The central government announced that it will impose additional taxes on a number of products in the budget for the year 2018 to get one trillion dinars, indicating that every five employees are to retire will replace one employee, saving 600 billion dinars.

"In the budget of 2018, the government will prepare measures to reduce the initial non-oil deficit on an accrual basis in the amount of 2.3 trillion Iraqi dinars compared to the draft supplementary budget for 2017," a source in the government said during a statement.

"The 2018 budget includes relatively low or fixed taxes on a few additional products or services in addition to taxes already levied in the 2017 supplementary budget, with the aim of increasing direct taxes by 1 trillion dinars in 2018," he said.

He pointed out that "the budget program to ensure the establishment of a maximum allowance for allowances and additional labor allocations does not exceed 350 thousand dinars for all civil servants, which achieves an abundance of 500 billion dinars."

He pointed out that "every five employees are assigned to retire will replace one employee, saving 600 billion dinars."

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