Friday, 30/04/2010
And a brother - Baghdad
Skinner: Approval of the draft law stamp fee
(The voice of Iraq) - Date: April 29, 2010
Announced the government spokesman Ali al-Dabbagh said the Cabinet decided to approve the bill stamp checker by the State Council and forwarded to the House of Representatives based on the provisions of Articles (61 / first item and 80 / item II) of the Constitution.
Dabbagh said that the approval of a bill to stamp duty comes to repeal the stamp number (16) for the year 1974 and bring the amounts that are collected in proportion to the volume of services provided and economic conditions experienced by Iraq, where the bill is intended to reconsider drawing the character, method of updating and tables fees to be commensurate with the change in economic conditions and the value of the currency.
Dabbagh said that the Finance Ministry has already prepared a draft law on stamp duty and sent to the state council for the purpose of checking it and ensure that this project increase the amount of stamp duty where the interpolation of contracts, including swaps drawing decision and contracts are subject companies for a fee of (0002) when the registration or capital increase wealth and take the company's capital nominal when you register a basis in order to update the drawing in the case of capital increase is met drawing on the increase only and are subject documents and foreign stocks that are sold in Iraq to create a relative amount of (0,005) on the value and is assigned to the drawing in question the seller and the buyer and solidarity also subject to the fee only one copy of the paper organized trade multiple copies and if no fee is payable for securities negotiable Baltzaerand signed by preventing charge exemption from the drawing and then emerged to someone who does not enjoy this exemption, this person is to pay the fee it fully, in an endorsement paper even though the appearance of it is exempt from the fee.
Dabbagh said the government departments and the public sector will resolve the fee of the amount due directly Bakstin equal the first month's salary in January and the second from the salary of the month of July The bill exempted the salaries and allowances of retired and gave the right to public sector departments when they are charged with drawing to request the Minister of Finance redemption transactions against payment of an annual lump sum to be assessed in agreement with the minister in accordance with the turnover of the annual subject of painting and under amounts redemption earned income for drawing in the case of the agreement Minister of Finance issues a decision that exempted the state's departments and the public sector of the graphic when you are alone responsible for it except the public sector departments, which provides its own rules undergoing the drawing does not meet the fee for paper and renewal of residence of nationals of States that do not meet such a drawing of Iraqi nationals.
