economic expert Nabil Jabbar Al-Tamimi emphasized that tax deposits are financial rights deposited by corporations and individuals to settle their tax money owed later. however, a huge portion of these deposits are not reviewed by using taxpayers, main to their accumulation in a unique account held via the national Tax Authority.
Al-Tamimi defined in a declaration to “dinaropinions.com” that the Ministry of Finance has adopted commands permitting these deposits to be taken into consideration final nation revenue five years after their deposit, based at the Unified Accounting processes manual.
He defined that “most people of the funds deposited in the tax accept as true with account will revert to the possession of the Iraqi nation upon the expiration of the statute of boundaries,” noting that this trend famous a faltering economic capability of the government and an boom in public spending, which has caused it to lodge to these price range to reinforce its sources.
Al-Tamimi talked about that this step “does no longer suggest ignoring other undisclosed budget inside the accounts of diverse ministries and groups, the destiny of which has been unknown for years,” noting that the tax trust account remained hidden from view until the “robbery of the century” discovered the volume of the economic accumulations inside it.
