Finance Ministry, World Bank agree on a road map concerning tax system

baghdad-INA

Ministry of Finance and the World Bank agreed Tuesday on a roadmap for the tax system.
 
Media office of the Ministry of Finance stated in a statement received by the Iraqi News Agency (INA), that “under the guidance and follow-up of the Minister of Finance, Ali Abdul Amir Allawi, and based on the agreement between the Iraqi Ministry of Finance and the World Bank, related to the aspect of improving the work of the tax system in Iraq, he expressed his willingness to provide the necessary support towards reforms of tax administration.
The statement added, "Support will be provided to help Iraq enhance the effectiveness of the General Tax Authority, with the support of the team funded by the Office of Foreign and Commonwealth Affairs in the United Kingdom, which includes introducing good international practices and helping the authority to use modern technology."

The statement continued, "The agreed roadmap consists in conducting an assessment of the performance of the tax administration using international standard tools, and providing guidance on tax administration issues according to a reform program that relies in its work on the use of technology over the medium term from 3 to 5 years, as well as exercising an advisory and technical role by supporting the design of a technical procurement process.

The statement explained that "this agreement comes within the framework of the Ministry of Finance's endeavors aimed at raising the efficiency and performance of all its institutions, as part of a series of reform measures for financial institutions adopted by the ministry by introducing modern systems and keeping pace with current international standards and with the supervision and support of experts, specialists and leading organizations in this sector."