By John Lee. Iraq's General Customs Authority has approved new mechanisms for calculating the customs value of imported goods. The mechanisms will be applied across all customs centres and include the following measures: Adoption of the customs value stated in duly declared commercial invoices submitted under the advance declaration system, supported by bank transfers, at […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Traders Shut Markets Across Iraq in Protest Over New Customs Tariffs Widespread strikes erupt in Baghdad, Mosul, Kirkuk, and Basra as merchants warn of soaring prices, collapsing trade, and growing social unrest. Click here […]
By John Lee. Iraq's General Customs Authority has reported its highest-ever monthly customs revenues, exceeding IQD 137 billion (USD 105 million) in January 2026, reflecting the impact of recent regulatory and administrative reforms. The Authority said the increase followed the full implementation of Decision No. 957 across all customs centres, improving revenue collection efficiency and […]
From Almas Group Logistics: New Customs Regulations Take Effect at Umm Qasr Port: What Iraqi Importers Need to Know Iraqi Customs implements item-based duty calculations under Council of Ministers Decision No. 957/2025 applying customs duties based on individual item classification and value. Significant changes to customs clearance procedures are now in effect at Umm Qasr […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani addressed the Conference on Reforming the Iraqi Banking Sector on Monday, outlining an ambitious agenda to modernise Iraq's financial infrastructure and promote sustainable economic development. Key initiatives and achievements highlighted in the Prime Minister's address include: Implementation of a three-year national budget, enabling long-term planning and strategic […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has directed an accelerated shift from paper to digital transactions within the customs system as part of a key economic reform. During a meeting to review the detailed plan for the second phase of customs automation, Al-Sudani emphasized the need to complete fiber-optic connections across all […]
From the United Nations Conference on Trade and Development (UNCTAD). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq: Trade and government revenue gets boost from digital customs Backed by UN Trade and Development, customs automation helps improve compliance and ease of trade in […]
By John Lee. Iraq's Minister of Finance, Taif Sami (pictured), inaugurated the Customs Automation Project as Umm Qasr Port on Sunday. The project aligns with the requirements of the global Automated System for Customs Data (ASYCUDA), forming part of the Ministry's strategy to apply international customs standards. The system's implementation aims to achieve financial discipline, […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has presided over a meeting to monitor the progress of customs automation and network integration. The meeting included representatives from the United Nations Conference on Trade and Development (UNCTAD). During the meeting, detailed reports on the first phase of implementing the global system for customs automation and […]
By John Lee. Iraq's Minister of Finance, Taif Sami Mohammed, has held a meeting on the follow-up to the implementation of the automation project for customs and tax. The Minister said: "The completion of the automation project will contribute to the development of customs departments and improve their performance, by adopting a single window, modernizing […]
