Post by account_disabled on Mar 14, 2024 8:19:46 GMT
Saving Indirect taxes contribute to motivating individuals to invest and develop their money and savings by providing an economic environment that encourages commercial and investment activities and this contributes to enhancing economic growth and improving the personal financial situation. What are the types of taxes in Iraq The government in Iraq imposes several types of taxes and these taxes include Income tax It is the tax that is imposed on financial profits resulting from the disposal of immovable funds and the rights to dispose of them such as real estate and land in addition to profits resulting from work and liberal professions such as salaries allowances etc.
Which a person receives from the public or private sector. It also includes land rental allowance. Agricultural income and any profit made by an individual that is not subject to any other tax during a specific BTC Database ES period of time determined by tax laws after deducting expenses legal facilities and personal exemptions. . Excise tax Production taxes are imposed as a means of accessing consumer goods at the domestic production stage. Taxes are imposed either as a fixed amount added to the unit price or as a percentage of the value of the good.
Taxes are collected directly from consumers or imposed by the state at an earlier stage of production. . Sales tax A sales tax is imposed on all services provided by premium and first class hotels and restaurants. The General Tax Authority collects this tax and forms a special division called the “Sales Tax Division” to manage the records of tourist establishments covered by the instructions and follow up on tax collection. The Authority undertakes the task of monitoring and auditing to ensure the accuracy of Collecting and collecting this tax and requiring tourist establishments to issue lists proving the services provided and the amount of sales tax collected according to the specified percentages.
Which a person receives from the public or private sector. It also includes land rental allowance. Agricultural income and any profit made by an individual that is not subject to any other tax during a specific BTC Database ES period of time determined by tax laws after deducting expenses legal facilities and personal exemptions. . Excise tax Production taxes are imposed as a means of accessing consumer goods at the domestic production stage. Taxes are imposed either as a fixed amount added to the unit price or as a percentage of the value of the good.
Taxes are collected directly from consumers or imposed by the state at an earlier stage of production. . Sales tax A sales tax is imposed on all services provided by premium and first class hotels and restaurants. The General Tax Authority collects this tax and forms a special division called the “Sales Tax Division” to manage the records of tourist establishments covered by the instructions and follow up on tax collection. The Authority undertakes the task of monitoring and auditing to ensure the accuracy of Collecting and collecting this tax and requiring tourist establishments to issue lists proving the services provided and the amount of sales tax collected according to the specified percentages.