KRG Prime Minister Masrour Barzani and Deputy Prime Minister Qubad Talabani chaired a meeting of the cabinet on Wednesday to discuss implementing best practice for the taxation system of the Kurdistan Region.
The ministers reviewed an internal pilot project tasked with developing a new legal and auditing framework. The framework updates current auditing practices and increases the transparency of the taxation system.
Prime Minister Barzani emphasised his cabinetís commitment to an ambitious reform agenda, notably tax revenue reform in the Kurdistan Region, which will ensure fair implementation of the system and provide the government with the enhanced enforcement tools.
The cabinet also approved a project designed to improve monitoring and auditing of government and private sector budgets, the facilitation of which will be supported by the Ministry of Finance and Economy.
During the cabinet meeting, the KRG also approved the merging of the High Institute for Audits and Accounting with the Ministry of Higher Education and Scientific Research, bolstering their research capabilities and raising scientific standards.
Prime Minister Barzani called for everyone to work together to ensure that public property and government vehicles are used in the best interest of the public and in accordance with government rules and regulations.
(Source: KRG)


Source: Iraq-BusinessNews.com.

Post your commentary below.