##### Financial agrees to lift parliamentary law to exempt investment companies from taxes for the first reading

[ltr]Thursday, June 20 / June 2013 - 14:39[/ltr]
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BAGHDAD (Wayne) - Finance Committee discussed a number of laws referred to it, including a bill to exempt the Iraqi and foreign companies implementing investment projects from taxes and fees.

The Commission said in a statement received by the agency all of Iraq [where] a copy of it today that "the Finance Committee held a meeting yesterday chaired by MP Haider Abadi, Chairman of the Committee and in the presence of members of the committee and its advisers, To Manaakechadd of bills received by the Commission, including a bill to exempt Iraqi and foreign companies implementing investment projects from taxes and fees, where I got the approval of the Committee on raised for the first reading and be included on the agenda of the House of Representatives in the nearest session. "

"The meeting also discussed the recommendations of the Symposium panel discussion [the Iraqi banking system ... the reality and challenges and processors] as it was agreed to set up a workshop for legislation banking in next September to complete the journey the Commission in supporting and developing banking legislation which serves the banking sector in Iraq."

"The meeting also discussed the law of rent and sale of state funds was reached to amend some of its paragraphs and foremost of which is to keep the Article 10 / IV unchanged and the amendment of Article [14] First - 1 - taking into account the provisions of Article [11] of this law being announced Sell ​​role or apartments or residential land belonging to the state, including state funds belonging to the collections of Awqaf to employees of the state and the addition of new material excluded projects subject to the provisions of the Investment Law No. [13] for the year 2006 amending or any other law replaced by the provisions of this Act and the amendment of Article [5] not allowed to buy Iraqi money from state funds is transferred subject to the provisions of the Investment Law No. 13 of 2006 [amended].


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Parliamentary Finance: a higher committee for the development of legislation in support of banking business

Parliamentary Finance: a higher committee for the development of legislation in support of banking business
Tuesday, 19 February, 2013
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Draw the parliamentary Finance Committee a committee of banks Mesopotamia, good, TBI, the parliamentary economic committee, the Ministry of Finance and Planning, with a view to supporting the development of legislation for banking business in the country.

Committee member said Najiba Najib on Tuesday that “the formation of a supreme committee comprising the ministries of Planning and Finance and Economic Committee with representatives from the Rafidain and Rasheed banks and the Iraqi Trade to put the necessary legislation to support the banking business.”

She added that “this legislation focuses on Alamlbasthaddam techniques and electronic trading electronic and merger of private banks in the process of developing heads and raise money worth.”

The CBI earlier, he plans to convert banks to large financial institutions after obtaining the consent of the government to amend Law No. 94 of 2004 on the integration of small banks to large banks.


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