Presidency Approves Foreign Oil Firms Taxing Law

Aswat Al Iraq reports that the Iraqi Presidency Council has approved “foreign oil firms taxing law no. 19 of 2010”.

“The companies, their branches, offices, and sub-contractors working in Iraq will be taxed by 35 percent,” the bill said.

The bill has been enacted to support Iraq’s national economy.

(Source: Aswat Al Iraq)

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