Question About Taxes in Iraq.

[Weston]

First of all First time posting, and Excellent Site have opened account and wiring money tomorrow. but I have a question


I cant find anyone on the site what the tax laws are? Im sure they tax us on Income made from the 6% interest rate but how much is it? Anyone know.


Weston~
Vancouver, Canada

Awesome site by the way

[Jerry]

Iraq wont tax you for the intrest gaind as you dont reside in Iraq. I never paied tax on the intrest gained in my NBK account. What your Canada bank taxes you for foriegn earned income (if you have that tax) is another story.

[Weston]

Yeah in Canada our Tax Services will tax us on any Capital Gain made, so basically on whatever I make ill be paying 25% tax...Because your taxed on 50% of your Gain, then tax rate over 60,000 is 45-50%