********* 8 percent tax rates and customs within satisfy mechanisms

3/28/2015 0:56

Baghdad, Hussein al-Tamimi Tgb




Association of private banks in Iraq managed to make progress in the implementation of the new mechanism to meet the tax and customs for Akiem imports implemented by banks after they approved the committee charged with determining the ratio to be deducted, amounting to 8 percent dispersed among the 5 percent rate of Customs and 3 percent tax rate.

These results come in the light of the panel discussions organized by the Association in collaboration with the Central Bank of Iraq and the General Authority for taxes and the General Authority for Customs and lasted for two weeks leading up to the final image to illustrate the implementation of the mechanism and with ease.

The head of the Association of private banks in Iraq and Wadih Handal that these results were achieved due to the fruitful and constructive cooperation and true disclosure of all the obstacles that were Vetosalna determine the implementation of the mechanism to the best solution, which is a flawless and what is not allowed to bring charges.

Shad and confidence granted by the government to the banking sector at this stage to perform this important and critical role, pointing to the size of the gains to private banks by the Association's efforts to deliver audio and illustrate the challenges and find solutions to them.

He said Handal that the approval of the Economic Committee of the Council of Ministers on a proposal of the Central Bank to accept issued by private banks instruments for the payment of fees, taxes and without a fixed roof but involves the amount and size of the trust established by the Central in private banks, which will certainly contribute to the correct banks path and provide correct banking services and restore confidence the public to their capacities to fulfill its obligations very carefully and accurately.

He said Handal at the conclusion of his speech that the support of Prime Minister of the banking sector but will lead to attainable to international banks level in dependence on the implementation of international standards and the achievement of sophisticated banking needs of the country in light of the difficult economic circumstances through which the country stressing banks keen to support the government program aimed at achieving sustainable development through an active role for the private sector embodies relying on private banks in the implementation of the duties of the state through the mechanism of taxes and fees are met instead.


http://www.alsabaah.iq/ArticleShow.aspx?ID=89733

Central Bank imposes a program to determine the tax rates and customs of goods imported and private banks criticized


Author: AHF, BS, MJM
Editor: AHF, BS
03/23/2015 17:44



Long-Presse / Baghdad

The Iraqi Association of private banks, on Monday, the central bank imposed a special program for tax guarantees and customs of goods, as shown that this measure came under the guidance of the Council of Ministers to determine the work of traders and keep them away from illegal transactions in foreign currency smuggling, the Agricultural Bank confirmed that work on this The program will reflect negatively on the Iraqi consumer because it will cause rising prices of imported goods.

The executive director of the Association of private banks in Iraq, Tariq vacationer in an interview with the (long-Presse) on the sidelines of the Association held a seminar for banks in the hall eyes Baghdad restaurant in Baghdad, "The Association of private banks in Iraq held a joint seminar with the board of general taxation to explain the program, which will be action by the banks regarding the tax and customs guarantees and this program is not the cons as far as the consequences for their decision mechanism. "

He vacationer "During the seminar some queries raised by the representatives of the banks and we talked to many of the issues and all this was to ensure the correct conversion operations outside of Iraq, as well as lack of any breaches"

For his part, director of public relations at the Association of Iraqi private banks Majid Michel said in an interview with the (long-Presse), "The new program presented by the Central Bank of Iraq came under the guidance of the Council of Ministers," noting that "the objective of this system is to identify the merchant work and keep him out of any illegal transactions, which was followed by some traders in hard currency smuggling out of Iraq. "

Michel added that "the new program will put the merchant toward a clear and present it all transactions and archives will each material imported tariff code and tax Kmarkip."

Michelle pointed out that "this program has been reveled abruptly, which reflected negatively on the banks and the private sector and the public," pointing out that "this application was supposed to show it experimentally for a period of six months at a minimum to allow for staff and executives in banks recognize it more and be able to provide outstanding performance in this program. "

And Michelle that "the program reason at the moment a big uproar from the technical aspects, and our objective was to work on the collection of all the banks and give a lecture by specialists Despite this, we can not judge the current time on the program, but we will wait and anticipate how to work it and import of goods by importers to watch Over the positivity or negativity of the Iraqi citizen. "

In turn, the Executive Director in the general body was taxed spokesman Abdul Aoun said in an interview to the said (range Press) "We are now in the process of transmission, the quality of the old mechanism was adopted by the central bank to entirely different from its predecessor a new mechanism and means to cover foreign goods in hard currency and finish off the conversion to ensure the Treasury rights including tax and customs guarantees and ensures later from entering the goods. "

Aoun added that "this mechanism, among other measures, including court proceedings electronic binding by the central bank and banks and border crossings and its General Assembly and rely on the establishment of a database."

Aoun said that "session of the Association of private banks came to overcome the obstacles and problems which naturally get because of the mechanism used previously, and I think in the coming period if they were to work according to the program which is newly developed, they will be in a better position and will not face any obstacles but needs support and stand by everyone ".

http://www.almadapress.com/ar/news/45997/البنك-المركزي-يفرض-برنامجا-لتحديد-ا

Central Bank decides to meet the 8% tax rate and customs through banks


Author: ASJ, BS
Editor: BS
28/03/2015 12:44
Number of Views: 237


Long-Presse / Baghdad

Decided to CBI, on Saturday, to approve the meet 8% of the taxes and customs special rate Bakiem imports by private banks, while the Association of Iraqi banks suggested that this decision reflected positively on the Iraqi economy and the private sector.

The executive director of the Association of Iraqi banks Ali Tariq's (to the extent Press), "The Association held meetings going on and meetings with the concerned authorities of the Central Bank and the bodies of taxes and customs in order to stand on the recent decisions on obtaining the tax and customs own Balastairadat through private banks Iraq," noting that "debates has with these entities as well as specialists in the banking sector to find a mechanism to pay for these benefits through private banks."

He said Tariq that "those discussions and meetings yielded results can be described as good by setting rates and clear of taxes and customs are fulfilled through banks," he said, adding that "the central bank recently issued a decision in agreement with the bodies of customs and taxes allows for private banks completing 8% of Akiem taxes and customs own Balastairadat dispersed about 5% for Customs and 3% for taxes. "

Executive Director of the Association of Iraqi banks and stressed that "the final decision on where to locate ratios is a good compared to the first resolution passed on imports, without specifying the descent", pointing out that the decision could be supporting the Iraqi economy and the private sector. "

The central bank may impose a special program of tax and customs guarantees for goods, while among banking and economic shown that this procedure came under the guidance of the Council of Ministers to determine the work of traders and keep them away from illegal transactions in foreign currency smuggling.

The CBI had announced his statement Tuesday (March 24, 2015) for the approval of the Economic Committee of the Council of Ministers on the central bank to accept a proposal issued by private banks instruments to pay all taxes and fees and without a fixed roof.


http://www.almadapress.com/ar/news/46190/البنك-المركزي-يقرر-استيفاء-8-من-نسب