The Minister of Planning chairs a joint meeting of the Ministries of Oil and Finance to determine a tax mechanism for petroleum products

Deputy Prime Minister and Minister of Planning, Dr. Muhammad Ali Tamim, chaired today, Wednesday, a joint meeting between the General Company for Petroleum Products Distribution, in the Ministry of Oil, and the General Authority for Taxes, in the Ministry of Finance. The Minister indicated, according to the ministry's statement, that this meeting came based on the directive of the Prime Minister, Muhammad Shiaa Al-Sudani, to find an appropriate tax mechanism for petroleum products, in light of the support rates provided by the Ministry of Oil to laboratories and factories, including brick, plaster, asphalt and dye factories, stressing the importance of supporting the national product, and that the government is committed to this support in order to meet the local need and reduce import rates by achieving self-sufficiency by developing mechanisms that match the volume of support provided by the government, the productive outputs of the factories, and the market need. The meeting witnessed extensive discussio ns about the quantities and types of petroleum products provided to factories and factories, the production outputs of those factories, and the tax mechanisms imposed on them. The meeting was attended by the Director General of Petroleum Products Distribution, Hussein Talib, the Assistant Director General of the General Authority for Taxes, Hiyam Muhammad Ali, and a number of department heads in the two departments. Source: National Iraqi News Agency