Iraqi Prime Minister Mohammed Shiaa Al-Sudani stressed that tax reform represents an important message to local and foreign investors, companies, and international organizations, about the government's seriousness in restoring the business environment, reforming regulations and legislation, and qualifying institutional building to be more attractive to investment, production and operation.
Al-Sudani revealed that “total imports, according to data from the Ministry of Planning, indicate imports worth $42 billion, including machinery, goods, and products. While data from the Central Bureau of Statistics indicate imports worth $16 billion, which means that $26 billion were not subject to customs and tax duties. Therefore, tax evasion has disastrous effects on industry and trade, and hinders development projects.”
Source (Al-Khaleej Emirati Newspaper, Edited)
