Member of the Finance Committee: corporate tax exemption to encourage investment in Iraq

Posted: July 16, 2013 in Iraqi Dinar/Politics
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16-07-2013 10:33 AM

Baghdad (newsletter). Member of the Finance Committee, Deputy Secretary of the National Alliance, the approval of the Act to exempt local and foreign companies from taxes and customs fees to encourage companies to invest in Iraq.

He said Hadi (News Agency): that exempt law will contribute to attracting foreign companies, adding that the world has been given an opportunity to investors from five to ten years to recover their investment and then pay the taxes.

He added that his Committee encourages law firms exempted from taxation that the capital need sufficient time and space the State will grant this time.

The Cabinet decided at its regular exemption of foreign and local companies to investment projects from taxes and fees.


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