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Shock for retirees: the deduction of long salaries from 40-350 thousand dinars

Baghdad-ALSHARQIYA  June 10 : Retirees in Iraq were surprised by the deductions in their salaries for the current month when they received them through the electronic outlets of the Rafidain and Rashid banks, and retirees said that the deductions ranged between 40 thousand dinars for those whose salaries are less than 750 thousand dinars and 350 thousand dinars for those whose salaries exceed two million dinars Without any prior warning or decision on deductions on a related level, the Iraqi Finance Ministry decided to subject the entire monthly salary of the employee to income tax after it was limited to nominal only, as part of its procedures to address financial distress and the large budget deficit caused by low oil prices

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