money and business
Economy News Baghdad:
The Association of Private Banks, Tuesday, that a meeting between Baghdad and the Kurdistan region will be held on Wednesday to find a solution to the problem of double taxation and strengthen the role of private banks.
The Executive Director of the Association of Private Banks, Ali Tariq told the “Economy News”, that “will be held in Erbil on Wednesday a coordination meeting between the General Authority for Iraqi Taxation and the Kurdistan Region Tax Department will be headed by the delegation of the central government Director General of the Tax Authority Abbas successful and membership of the adviser in the Association of Private Banks The Director of Public Relations at the Association of Private Banks Majid Michel, the representative of the Association of Private Banks in Erbil Sherwan Mustafa and the representative of the Central Bank Khaled Shawkat, while the head of the tax department in the province, its Director General Kamal Tayeb Qadir.
“The meeting will discuss activating the decisions reached by the two sides at their last meeting in Arbil on 12 June last, concerning the end of double taxation between Baghdad and Erbil and coordination of tax procedures and support the work of private banks to contribute to revitalize the economic cycle in the region and in Iraq in general.”
Tarek pointed out that “Baghdad and Erbil agreed on the need to find a solution to the problem of fees required by the Registrar of companies in the region for the purpose of the work of the acquittal of banks,” noting that “the Kurdistan region did not comply with the agreement, which provided that there is a grace period of three months to complete their tax liabilities For the year 2016 as a prelude to obtaining the tax clearance, and postponement of the two tax assessments scheduled for the years 2014 to 2015 until the completion of these belongings.