Baghdad – WAA – Hassan Al-Fawaz
The General Tax Authority clarified, today, Thursday, the provisions of the new draft income tax law, and while it indicated that it is compatible with global modernity, especially since the law currently in effect dates back to the year 1982, it confirmed that it will achieve a fair tax.
The head of the General Tax Authority, Ali Waad Allawi, told the (INA): “We received a draft of the new income tax law in cooperation with the General Tax Authority, the Tax Reform Committee, and the German GIZ organization, to amend the tax law,” indicating that “Income Tax Law No. 113 of 1982 has been in effect for more than 42 years, approximately, and we have been working with this law.”
Alawi added, “The new tax vessels need to be updated in the law,” noting that “one of the goals of the General Tax Authority since we were assigned by the Prime Minister to manage this authority is to amend the tax law, and today the first step in achieving the draft to amend the tax law was taken, as this draft will be presented to the competent authorities and legal authorities from the State Council, the Prime Minister’s Office, the Prime Minister, the Ministry of Finance, and then the House of Representatives for the purpose of voting on this law.”
He explained that “the articles included in the new income tax law are many and will cover everything that can be covered in order to achieve a fair tax that is compatible with modernity in the world and modern technologies in using electronic payment technology and digital transformation technology,” indicating that “there will be steps by the General Tax Authority and the Tax Reform Committee in the coming days in order to achieve the best that can be achieved in the law and history of the General Tax Authority.”
He pointed out that “the General Tax Authority and the Supreme Committee for Tax Reform worked for six months to amend the tax law, with great follow-up and interest from Prime Minister Mohammed Shia al-Sudani for the tax and customs sectors, as they are the two non-oil revenues.”