Finance expresses its readiness to implement the budget law and grant 50% of port revenues to Kurdistan, 10 SEPT
On Saturday, Minister of Finance Taif Sami stated that there is currently no agreement between the Federal Border Ports Authority and the Kurdistan Region on harmonizing customs duties pricing.
Sami spoke at the Parliamentary Finance Committee in the Iraqi Parliament, attended by an agency correspondent.
According to our correspondent, Sami stated that there is no customs agreement between the federal border crossings and the Kurdistan Region. This is because customs duties in the region are lower than in other ports across Iraq. The entry of cigarettes through the region is given as an example by Sami.
According to our correspondent, Sami stated that there is no customs agreement between the federal border crossings and the Kurdistan Region. This is because customs duties in the region are lower than in other ports across Iraq. The entry of cigarettes through the region is given as an example by Sami.
During a recent meeting, the minister confirmed her commitment to enforce the provisions of the country’s financial budget law. She also proposed that 50% of the revenue generated through official border crossings should be allocated to the governorates in the Kurdistan Region. Additionally, she highlighted that the region currently has five unofficial border crossings.
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