Central Bank: Educate Public on Paying Taxes

The Central Bank of Iraq (CBI) stated on Thursday that the assumed value of taxs in the 2011 budget is amounted to 2.7 trillion Iraqi dinars, that is 3% of the state budget.

Muzher Mouhammed Saleh, the adviser of the ICB, told AKnews that the tax file is semi-disabled in Iraq due to the poor performance of tax planning services, and because of citizens avoiding paying tax.

He said that if the Iraqi Finance Ministry wanted to activate the tax for the Iraqi people, then it should carry out educational and awareness operations about the importance of taxes in the re-construction of the country as an important financial resource for the government to finance its economic needs.

The tax sector in Iraq was semi-disabled in recent years because of the economic and security situations in the country that led to limiting the tax system to the sector of employees and traders only.

(Source: AKnews)

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