Wednesday, February 28, 2007
Car import tax slashed
Commerce
(Azzaman) The government has slashed tariffs on imported cars to 16 percent from 30. The head of the State Tax Commission, Mushen Abu-Juaila, said the decision to reduce the tariffs by nearly 50 percent was in line with the government’s measures to encourage foreign trade. He said the decision also meets the commission’s eventual target of lowering tax levels in the country particularly those related to exports and imports. Abu-Juaila said Iraqi traders and entrepreneurs should expect further reductions in taxes related to their activities. He did not elaborate.
Labels: car import tax
