Council of Ministers discusses tax reform plan

The Kurdistan Regional Government’s (KRG) Council of Ministers (Photo Credit: KRG website)

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SULAIMANI — The Kurdistan Regional Government’s (KRG) Council of Ministers held its weekly meeting on Wednesday (January 22) to discuss a planned overhaul of the Region’s tax system, including reforming the way in which audits of private companies are conducted. 

The meeting was chaired by KRG Prime Minister Masrour Barzani and Deputy Prime Minister Qubad Talabani.

“This system is within the general framework of the program of work of the new government…with the aim of preventing tax evasion and organizing the system of customs duties,” Barzani said, stressing “the need for tax and customs departments to have accurate and adequate information regarding imports.”

“All state institutions and the private sector should scrutinize their accounts professionally, within the instructions, regulations, and laws and in coordination with the Ministry of Finance and Economy for the smooth flow of tax filing,” he added.

The cabinet also discussed ways to improve the standards of accounting and auditing programs at the Region’s universities and institutions.

Finally, the Council of Ministers also considered ways to ensure that state funds and government vehicles were being used for official purposes and that, when they were sold, that it was done lawfully and in the public interest.

(NRT Digital Media)