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 cabinet’s 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)

By John Lee.

The Palestinian Authority has reportedly filed a formal request to Israel to allow the import of fuel from Iraq.

Palestinian Prime Minister, Mohammed Shtayyeh, told Israel’s Haaretz newspaper that although the request was made four months ago, Israel has yet to respond.

He said:

“Fuel is our biggest expense … The cheaper fuel from Iraq will reduce the pressure on our budget considerably.”

More here.

(Source: Haaretz)

As a part of his meetings with a number of leaders and heads of State, President Salih held in-depth talks with US President Donald Trump on Wednesday, on the sidelines of the World Economic Forum (WEF) in Davos.

The President stressed the need to intensify international efforts to establish international and regional security and stability, noting that their consolidation and strengthening is the only way to ensure comprehensive and lasting peace in the region.

His Excellency added that Iraq is eager to establish balanced relationships with all friends and allies to strengthen its sovereignty, respect its independent decision, achieve the interests of Iraqis, continue the economic development and reconstruction. In addition to Iraq must not be turned into a battleground to settle scores, he stated.

The US President, in turn, reiterated his country’s support for Iraq, showed his desire to have a closer relation, expand the scope of cooperation and raise the trade volume between Iraq and US to serve both peoples. Iraq’s pivotal role in the region, he appreciated.

Discussions covered the presence of foreign forces, the reduction in troops strength in the country as well as the importance of respecting Iraqis people’s demands in maintaining national sovereignty and ensuring security and stability.

(Source: Office of the Iraqi President)

By John Lee.

Aviation services group Air Partner has said that it has received increased interest in its “emergency planning” services as a result of recent events in Iraq and Iran.

In a trading update for the year ending 31 January 2020, the company reported:

Heightened tensions in the Middle East have resulted in increased interest in our Emergency Planning product.

“We received several enquiries for Evacuations during and immediately post the events in Iran/Iraq at the beginning of 2020 and we continue to monitor the situation in the region.

(Source: Air Partner)