Tax revenues rise 55%

11 June 2007 (Azzaman)

The State Tax authority’s income has rise 55% in 2006 over 2005, new statistics show.

According to figures the authority issued recently more than 388 billion dinars were collected in 2006. A U.S. dollar is worth approximately 1,500 dinars.

Most of the money came from taxes imposed on professions while corporate taxe came second.

The figures did not show how much the authority had gathered from the income tax introduced in the aftermath of the 2003-U.S. invasion.

In a statement, the authority said collecting taxes was not an easy job in Iraq currently mired in violence and military operations.

It said financial and administrative corruption were hurdles on the path of transparency in collecting taxes in the country.

But the absence of figures on income tax has already been interpreted that the authority itself lacks transparency.

It means that it has left the massive monthly salaries of top officials and other senior government civil servants untaxed, contravening standing regulations.