By John Lee. Private universities, colleges, and institutes in Iraq subject to tax assessment are to be required to settle outstanding income tax and direct withholding tax liabilities, under a decision by the Council of Ministers. Institutions that pay their principal tax liability and complete the tax assessment process within four working months of the […]
From the German Liaison Office for Commerce & Industry in Iraq (AHK Iraq). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Double Taxation in Iraq - A Comparative White Paper This strategic white paper offers a legal deep-dive into Iraq's income tax framework, comparing […]
By John Lee. The Iraqi Council of Representatives has voted to authorise the Minister of Finance, or her delegate, to negotiate and sign - either definitively or at initial stage - the draft law ratifying the Agreement on the Avoidance of Double Taxation and the Prevention of Tax Evasion with respect to taxes on income […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani presided over the Tax Conference for Economic Development and Investment Promotion in Baghdad, stressing that supporting the private sector is central to Iraq's economic reform agenda. He highlighted the government's commitment to providing an attractive environment for investors, implementing global business and taxation standards, and ensuring flexibility […]
Aya Nader for Raseef 22. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Make them pay: Iraq to consider taxing its highest polluters A draft proposal to amend Iraq's Environmental Protection and Improvement Law was submitted to parliament by the Ministry of Environment and […]
By John Lee. Iraq's Higher Committee for Tax Reform has announced a 22-percent increase in tax revenues, reaching IQD 4 trillion [$3 billion] in 2024, as the country moves towards digitising its tax system to address name duplication issues and improve efficiency. According to state-run Iraqi News Agency (INA), Khalid Al-Jabri, a committee member, stated […]
By John Lee. Iraq's Prime Minister, Mohammed Shia Al-Sudani, has ordered the suspension of a recent tax hike on real estate transfers. According to a statement from the Prime Minister's office, the increase was issued by the Director General of the General Tax Authority without approval from the High Committee for Tax Reform, and it […]
By John Lee. Iraq's Prime Minister, Mohammed Shia Al-Sudani, chaired a meeting of the High Committee for Tax Reform on Thursday. The committee reviewed the implementation of various government reform measures that led to a 22% increase in tax revenues as of early August, compared to the same period last year. Al-Sudani emphasized that tax […]
By John Lee. The International Monetary Fund (IMF) has published a "High Level Summary Technical Assistance Report" looking at the tax system in Iraq. The report identifies six core reform areas: Establishing a reliable taxpayer base; Improving core functions through implementation of the SA system; Focusing on large taxpayers' compliance; Organizational design and workforce planning; […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani presided over the Tax System Reform Conference in Iraq on Wednesday. In his address, he commended the organizers for their dedication to tax reform, acknowledging the insightful research contributions from government officials, business leaders, and international organizations. He said that total imports, according to data from the […]
By John Lee. Pakistan's Federal Board of Revenue (FBR) has initiated negotiations on the Convention for the Elimination of Double Taxation with respect to Taxes on Income and on Capital and the Prevention of Tax Evasion and Avoidance with the Republic of Iraq. In this connection, tax delegations of both the countries met at Islamabad […]
By John Lee. The Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. Following discussions, the Cabinet authorised the Ministry of Finance to negotiate and initialize a draft agreement for the avoidance of double taxation and the prevention of tax evasion on income and capital, between Iraq and Jordan, […]
