New Guide to Doing Business in Iraq

Deloitte Middle East (DME) has launched a guide to doing businesss in Iraq.

The “Doing business guide -  Understanding Iraq’s tax position” addresses the key tax considerations for doing business in Iraq, alongside key economic, industry and market drivers which impact starting up a business there.

The complexity of tax compliance in Iraq has grown in recent years; and as Iraq is mainly dependent on oil for revenues, the drop in oil prices is having a significant effect on the investment market in Iraq.

The report discusses the following topics:

• The macro-environmental perspective of Iraq
• Key industries and economic drivers
• Indicators and procedures for starting a business in Iraq
• ‘Trading with’ versus ‘trading in’ Iraq
• Taxation in Iraq (including administration, taxable income, withholding tax, employment tax, corporate and indirect taxes)

The report can be downloaded here.

(Source: Deloitte)