Saturday, September 9, 2023

Finance is ready to implement the budget law and grant 50% of the outlets’ revenues to Kurdistan, 9 SEPT

 Finance is ready to implement the budget law and grant 50% of the outlets’ revenues to Kurdistan

Shafaq News / Finance Minister Tayf Sami said on Saturday that there is no consensus between the Federal Border Ports Authority and the Kurdistan Region on the unification of the pricing of customs duties.

Sami was speaking during her hosting by the Parliamentary Finance Committee in the Iraqi parliament and was attended by a correspondent of Shafaq News Agency.

Our correspondent quoted Sami as saying, "There is no consensus in customs between the federal border crossings and the Kurdistan region, considering that the customs duties in the region are lower than other ports in Iraq, and a good example of this is the entry of cigarettes through the region," she claimed.

She stressed that "zero' control must be restored, not only in one location, but in different locations with reduced customs duties in order to reduce smuggling operations."

The minister expressed her readiness to apply the text of the country's financial budget law, and that 50% of the revenues of the official border ports will be the share of the provinces in the Kurdistan region," noting that: There are 5 unofficial border ports in the region.

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