Central Bank announces new tax system limits the “money laundering” and reduce “corruption”
Central Bank announces new tax system limits the “money laundering” and reduce “corruption”
03.17.2015 5:58 p.m.
Long-Presse / Baghdad
Iraqi Central Bank announced on Tuesday, the adoption of a new mechanism for the payment of taxes and control of “money laundering” through the prepayment of taxes and customs of the goods entering Iraq, returned that will double the country’s imports, while saw the board of the border crossings, that the new system “is not without problems “in spite of the possibility of a downgrade” corruption. ”
This came during a symposium held by the Association of Iraqi banks, today, during which he hosted a group of government officials, economists and managers of banks, and attended the (long-Presse).
The Director-General of the issuance of the Central Bank of Iraq, Ihsan al-Yasiri, in an interview with the (long-Presse), “The bank will depend a new mechanism to control money laundering and selling the dollar against the imports,” noting that “the mechanism is very simple and achieved two goals: first, a national information system, and the other is to ensure access to resources for the treasury, because the bank would receive advance tax and the private Alcomerk imported goods, for every dollar sells for banks to import. ”
The Yasiri, that “it is through an electronic mechanism in the banks,” noting that “the system calculates the value of the tax and Alcomerk be pushed them all the quality of goods entering Iraq, to meet the bank’s cost and sends it to the Departments of customs and taxes,” expected to “contribute to the system doubling of resources Iraqi treasury. ”
But the director general of the Authority for Customs, Hakim Jassim grave, believed that “the new mechanism is not without problems, although it will increase the customs imports and reduce administrative corruption.”
He said the grave in an interview to the (long-Presse), “The new experience will not be without problems although it is a step for the development of economic and trade situation in Iraq,” noting that “the new system will see some errors in the beginning as a result of not linking some border crossings mail order.” .
He predicted the Authority Director General of Customs, that “the new system contributes to an increase of imports by 200 percent.”
For his part, saw the executive director of the board of the tax, the banks get the dollar is going to be interested in procuring tax under the new system, it needs to be returned infrastructure to ensure the application effectively.
The spokesman said Ardan, in an interview to the (long-Presse), “The theme adopted by the Central Bank of Iraq to protect the dollar secures access to the customs and tax dues, despite the problems that included,” returned to “the new system needed to infrastructure to ensure the application effectively.”
He explained Ardan, “The new system marks the beginning of the establishment of a centralized database,” asserting that “banks that get the dollar is going to be interested in procuring the tax.”
He said Executive Director of the Tax Authority, said: “The system includes a lot of technical details and procedures aimed, among other objectives, to maximize revenue through tax-taking.”
The government officials and economists emphasized earlier, that Iraq is losing annually an amount up to $ 20 billion in tax revenues, due to corruption fulfillment of customs duties in the border ports and tax evasion.
The Ministry of Finance, in (the thirtieth of January 2013), that the imposition of tariffs on imported goods will be starting from 2014, and by no more than 20% of their value, indicating that the fees will be imposed at all border crossings, including the Kurdistan region.
The Iraqi government announced earlier, for Amadaha applying tariff law gradually according to a fixed timetable, and stressed that the law will include some of the goods.
almadapress.com
