The possibility of promoting sustainable development in Iraq Kurdistan region-Kurdistan region by imposing VAT

Abstract EN

The economic reality of Iraq - the current Kurdistan region many of the problems need more thought and effort and treatments, and among the most important of these problems the subject of a single budget and the dependence on a single resource is oil in the financing of public expenditure, and dependence on one source and specifically oil is accompanied by many complexities And risks, including the difficulty of relying on one source at the source, as well as the multiple problems facing the oil source in terms of the recent price decline on the one hand, as well as the problems of export and terrorist operations on the other.

And the diversification of sources of funding the budget and not rely on one source approach adopted by most oil-producing countries and adjacent to Iraq in particular, as the United Arab Emirates and Iran and other countries, several steps that reduced the proportion of dependence on oil in financing budget expenditures and reached many From other sources, so that they are better able to cope with the crises caused by lower oil prices or different global crises.

Iraq and its natural resources granted by God and the human resources and other resources provided by the ability to diversify the sources of financing the budget without dependence on oil as a single source, and the methods that contribute to this area is the imposition of value added tax in Iraq - This tax is levied on domestically produced goods and services and includes activities carried out by natural and legal persons who are subject to taxation and imposed on imported goods and services, whether in their country of origin or otherwise.

Undoubtedly, the value added tax represents an important economic burden for all the countries adopted decades ago, and now comes at a time when Iraq - Kurdistan Region is in urgent need according to many developments and benefits.