Iraq VI in tax rates between the Arab countries
Iraq VI in tax rates between the Arab countries
6-1-14
Iraq, Lebanon and Kuwait ranked 6 th in the lowest tax rates, while Bahrain is characterized as the only Arab country that do not have the tax “income” on companies.]
BAGHDAD / Obelisk: A report prepared by an international firm (KPMG) specializing in audit and tax services and advisory services, said Iraq ranked sixth among the less the Arab countries that impose a corporate income tax.
And occupied Iraq, according to the annual list published by the company within the categories of States which amounts to a rate of tax with 15 percent, along with Kuwait and Lebanon, while the corporate tax rates in the United Arab Emirates about 55 percent, and in Sudan amounted to 35 percent, Morocco 30 percent, Tunisia, Egypt, 25 percent , 22 percent of Syria, Yemen, Saudi Arabia and Libya, 20 percent, 19 percent and Algeria, and Jordan, 14 percent, 12 percent and Oman, and Qatar 10 percent.
The report indicated that the rate of tax in the United Arab Emirates is one of the world’s highest, followed by Sudan, which is the fourth highest state in the corporate tax globally, followed by Morocco ranked 12 globally, Tunisia and Egypt ranked 21, Yemen and Saudi Arabia, Libya ranked 27 globally, and Algeria ranked 28 globally.
In contrast, Qatar has the second lowest corporate tax rate globally, followed by Oman with third-degree less tax on companies, and Jordan is the fifth-lowest tax, as were Iraq, Lebanon and Kuwait ranked 6 th in the lowest rates of taxation, while enjoying Bahrain as the Arab state not only does not have a corporate income tax.
On the other hand, Morocco is one of the highest state rate of indirect tax of between six rates in eight Arab countries and 20 percent, followed by Tunisia with 18 percent, followed by Sudan, Algeria, 17 percent, Jordan 16 percent, Lebanon and Egypt 10 percent, Yemen 5 percent.
The report noted that Iraq, Bahrain, Qatar, Oman, Kuwait, Libya, Saudi Arabia, Syria and the United Arab Emirates does not have rates of indirect tax.
almasalah.com
