Finance: No tax or a new deduction for salaries of employees of the international loan conditions
Parliamentary Finance: No tax or a new deduction for salaries of employees of the international loan conditions
denied the parliamentary finance committee, news of the existence of a new tax or deduction for salaries of employees under the terms of international loans obtained by Iraq recently.
The committee member said Hossam punitive told all of Iraq [where], “What throughput of some media concerning the imposition of tax on the total salary of employees by 15% under the terms of an IMF loan is not true and got a misunderstanding , and this was confirmed by us and the Ministry of Finance.”
” the withholding of the salaries of the staff remains only 3% according to the budget law and allocated to rally public and internally displaced people and there is no new deduction.”
he pointed punitive to, that “Matnolth some media arrival of salaries tax nominal staff to 15% that is not accurate because the tax code is this ratio determines where you start from 7% down to 15% , depending on the value of salary and years of service. ”
he pointed out, that” in principle some of the terms of IMF loans included a certain change in taxes for degrees and special Supreme include director general and special grades, advisers, Undersecretary the minister and members of parliament and the three presidencies and be a tax on the total salary and not relative only without specifying the percentage and leave according to the Iraqi tax law. ”
between that” employee salary and a half million dinars , or lowest No it a tax or a new deduction. ”
the Ministry of Finance has announced in 19 of last may Iraq for a loan exceeds the $ 5.4 billion interest rate of 1.5% from the international Monetary Fund might allow Iraq to get another $ 15 billion in international aid over the next three years, as the Islamic development Bank announced it was considering lending to Iraq $ 3 billion in the reconstruction of liberated areas and rehabilitation of infrastructure.
showed a document to the IMF , it is expected that Iraq is facing a funding gap of up to $ 17 billion in the current year is not able to measure more money.
some of the media have recently circulated that loans new international imposed taxes on employees ‘ salaries from the lower grades.