Iraq Decided to Impose Taxes on All Outlets: PM Adviser

The Economic Adviser to the Iraqi Prime Minister Muhammad Saleh issued a statement that the Cabinet recently made a decision to impose taxes from the month of August. He pointed out that Iraqi government has an opportunity for reorganizing its own affairs regarding unity of taxes on its all crossing points on the Iraqi border. Saleh also added in his statement that there are a number of problems in the customs, and the most important is about the existing custom tariffs in the Kurdistan Region, and to control Daash terrorist activities and many other factors stifling in the northern port. The war against terrorism and militant groups is also a major problem in the country.

Muhammad Saleh further added that the Council of Minister has taken some major decisions. These decisions will allow the Iraqi government to reorganize its own affairs and to achieve balance and to find most common logical considerations in order to apply on all ports without any exemption of north or south. He added that the European countries have set out barriers on their border to collect taxes. He stressed that there is a must need of awareness about taxes and their applications to support the Iraqi economy. He explained that our tax collection covers only 1 percent of the state budget, but most of the countries are getting more than 20 percent from their tax collection. Some economists said that imposing taxes on high income earners would increase prices, and the Iraqi government has decided to deduct taxes from employees’ salaries which is only 2 percent and up to 2 trillion dinars to cover the budget deficit. But the Iraqi budget deficits are 37 trillion dinars.

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