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Integrity reveals the results of its investigation of the stages of selling the dollar at the auction window for selling the currency

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ikea


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https://www.alliraqnews.com/modules/news/article.php?storyid=105246

Integrity reveals the results of its investigation of the stages of selling the dollar at the auction window for selling the currency

Editing date: 12/16/2020 11:28 • 12 times read
[Baghdad_Where]


The Federal Integrity Commission called, on Wednesday, to expedite the creation of an integrated database (automation) in the General Authority of Customs, and to link it to all departments that are related to the import process and the entry of goods, which would prevent manipulation, forgery and waste of public money.

In a report prepared by a team from the Prevention Department at the authority, in a report prepared on the visits it made to (the Central Bank of Iraq and both the General Authority for Taxes and Customs and the Border Ports Authority, in addition to the two departments of foreign economic relations and the companies' registrar in the Ministry of Trade); To shed light on the stages of selling the dollar and the economic and financial impact achieved, by “the necessity of re-applying the letter of the Prime Minister’s Office on 3/24/2015 which includes deducting customs duties insurance at a rate of (5%) and deducting insurances for income tax at a rate of (3%).

That it be settled later by the two public authorities for taxes and customs, in addition to working on enacting a law that prohibits the exit of funds outside the country except with special official approvals, to ensure control over them and prevent laundering.

The report, a copy of which was sent to the Office of the Prime Minister and the Minister of Finance and the Parliamentary Finance and Integrity Committees, suggested that “the General Tax Authority should provide the Central Bank with the tax number for taxpayers in order to facilitate the procedures for tax accounting, to avoid similarity in names, and to work on entering the tax number and the passport number for the importer in The data of the private banks participating in the auction window for selling the currency, submitting it to the central bank, including it in the customs declaration and import license, and standing on the bank’s opinion regarding the possibility of obtaining customs duties and income tax deposits in Iraqi dinars, instead of dollars, to limit the rise of the dollar’s exchange rate.

He pointed out “the importance of increasing the percentage of fines for violating private banks and participating in the auction of selling the currency by setting special controls for them,

noting that the amount of fines imposed by the Central Bank on some banks in violation of the instructions of the window for buying and selling foreign currency for the period from (2012-2018) exceeded (618,000,000,000) billion dinars, in addition to a monthly reconciliation between the relevant authorities, to ensure that the state's right to tax withholding is not lost.

The report emphasized "the need to enable the Central Organization for Standardization and Quality Control to examine and subject goods, goods and services entering the country, and to provide the Border Ports Authority with the list of materials covered by the examination, according to the customs tariff schedules."

The report diagnosed, "the existence of financial differences between the process of selling the dollar by the Central Bank and what was actually collected from the General Authority of Customs as revenues, in addition to the absence of a sound supervisory system, to uncover the manipulators in the private banks entering the window of the currency auction by providing incomplete information,"

Especially those related to customs declarations or participation in shell companies, as well as the lack of coordination between the two public authorities of customs and taxes in documenting the tax declaration, which leads to the failure to collect taxes in an optimal manner.

tlm724

tlm724
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Integrity reveals the results of its investigation of the stages of selling the dollar in the auction window for selling the currency
Pratha News Agency109 2020-12-16


The Integrity Commission announced, on Wednesday, the results of its investigation of the stages of selling the dollar at the auction window for selling the currency, while it called for the acceleration of the establishment of an integrated database (automation) in the General Authority of Customs, and linking it to all departments related to the import process and the entry of goods, which would prevent Manipulation, fraud and waste of public money. "

The department said in a statement that “a working group from the prevention department at the authority recommended, in a report prepared by him on the visits he had made to (the Central Bank of Iraq and both the General Authority for Taxes and Customs and the Border Crossings Authority, in addition to the two departments of foreign economic relations and the companies registrar in the Ministry of Trade) To shed light on the stages of selling the dollar and the economic and financial impact achieved, he recommended the necessity of reinstating the letter of the Prime Minister’s Office on 3/24/2015 that includes deducting insurance for royalties at a rate of (5%) and deducting insurance for income tax at a rate of (3%). That it be settled later by the two public authorities for taxes and customs, in addition to working on enacting a law that prevents money out of the country except with special official approvals, to ensure control over it and prevent its laundering.

The report, a copy of which was sent to the Office of the Prime Minister, the Minister of Finance, and the Parliamentary Finance and Integrity Committees, according to the statement, suggested that “the General Tax Authority should provide the Central Bank with the tax number for taxpayers in order to facilitate the procedures for tax accounting, to avoid similarity in names, and to work on entering the tax number and the number.

The passport for the importer in the data of the private banks participating in the auction window for selling the currency, submitting it to the Central Bank, including it in the customs declaration and import license, and standing on the bank’s opinion regarding the possibility of collecting the funds for customs fees and income tax in Iraqi dinars, instead of dollars, to limit the high exchange rate Dollar. "

The report indicated "the importance of increasing the percentage of fines for violating private banks and participating in the auction selling the currency by setting their own controls, noting that the amount of fines imposed by the Central Bank on some banks in violation of the instructions of the window for selling and buying foreign currency for the period from (2012-2018) exceeded (618,000,000,000) billion dinars, in addition to a monthly reconciliation between the relevant authorities, to ensure that the state's right to tax withholding is not lost.

The report emphasized "the need to enable the Central Organization for Standardization and Quality Control to examine and subject goods, goods and services entering the country, and to provide the Border Ports Authority with the list of materials covered by the examination, and according to the customs tariff schedules."

The report diagnosed "the existence of financial differences between the process of selling the dollar by the central bank and what was actually collected from the General Authority of Customs as revenue, in addition to the absence of a solid monitoring system; to detect manipulators in the private banks entering the window of the currency auction by providing incomplete information."

Especially those related to tax permits or participation in shell companies, as well as the lack of coordination between the customs and tax authorities in documenting the customs declaration, which leads to the failure to collect taxes in an optimal manner.

http://burathanews.com/arabic/news/382539


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Lifes purpose is not to arrive at the grave in a well preserved body, but rather to slide in sideways shouting HOLY CHIT what a ride

tlm724

tlm724
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Integrity announces the diagnosis of financial differences between the Central Bank's sale of the dollar and what was collected as revenues
7 hour ago Iraq

Today, Wednesday, December 16, 2020, the Integrity Commission announced the diagnosis of financial differences between the sale of the dollar by the central bank and what was collected as revenues, calling for the acceleration of the establishment of an integrated database (automation) in the General Customs Authority, and linking it to all departments related to the import process and the entry of goods. That would prevent manipulation, fraud and waste of public money.

The authority stated, in a statement, which Radio Nawa received, a copy of it, that “a working group from the prevention department in the authority recommended, in a report prepared on the visits that he had made to (the Central Bank of Iraq and both the General Tax and Customs Authority and the Border Ports Authority, in addition to my departments). Foreign economic relations and the Registrar of Companies in the Ministry of Trade), to highlight the stages of selling the dollar and the economic and financial impact achieved, with the necessity to re-work the letter of the Prime Minister’s Office on 3/24/2015 that includes deducting private insurance for royalties at a rate of (5%) and deducting insurances related to tax Income at a rate of (3%), provided that it is settled later by the two general authorities for taxes and customs, as well as working on enacting a law that prevents money out of the country except with special official approvals to ensure control over it and prevent laundering.

The report, a copy of which was sent to the Office of the Prime Minister, the Minister of Finance, and the Parliamentary Finance and Integrity Committees, suggested that the General Tax Authority provide the Central Bank with the tax number for taxpayers, in order to facilitate the procedures for tax accounting, to avoid similarity in names, and to work on entering the tax number and the passport number of the importer in the data. Private banks participating in the currency sale window auction, presenting it to the Central Bank, including it in the tax declaration and import license, and standing on the bank's opinion regarding the possibility of obtaining the depository fees and income tax in Iraqi dinars, instead of dollars; To reduce the rise in the dollar exchange rate.

The report emphasized the importance of increasing the percentage of fines for violating private banks and participating in the currency auction by setting special controls for them, noting that the amount of fines imposed by the Central Bank on some banks in violation of the instructions of the window for buying and selling foreign currency for the period from (2012-2018) exceeded 618 billion Dinars, in addition to a monthly matching between the relevant authorities, to ensure that the state's right to tax withholding is not lost.

The report emphasized the need to enable the Central Organization for Standardization and Quality Control to examine and subject the goods, goods and services entering the country, and to provide the Border Ports Authority with the list of materials covered by the inspection, according to the customs tariff schedules.

The report diagnosed the existence of financial differences between the process of selling the dollar by the Central Bank and what was actually collected from the General Authority of Customs as revenues, in addition to the absence of a solid monitoring system, to detect manipulators in the private banks entering the window of the currency sale by providing incomplete information, especially Those related to tax permits or participation in shell companies, as well as the lack of coordination between the customs and tax authorities in documenting the customs declaration; Which leads to not collecting taxes in an optimal manner.

https://www.radionawa.com/all-detail.aspx?jimare=22742


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Lifes purpose is not to arrive at the grave in a well preserved body, but rather to slide in sideways shouting HOLY CHIT what a ride

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