Central Bank issues guidance to banks on the collection of customs duties and tax amounts

On Wednesday, the central bank issued a directive to all banks on the collection of customs duties and tax amounts.

A statement by the Central Bank said that “based on what was stated in the Council of Ministers’ decision No. (315) of 2022, which includes not to work on the mechanism of meeting customs tax trusts in advance provided for in Article 16/IV of the Federal Budget Law for the fiscal year 2021, in order to expire with the end of the mentioned fiscal year, it was decided to cancel

He pointed out that “the General Authority for Taxation and the General Authority of Customs will do their fundamentalist dirhams in accordance with their laws and instructions to organize their work by completing the fees received to Iraq at the border crossings.” Finished 29/n33

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