Tag Archives | tax

New Sales Tax hits Zain's Income

By John Lee. Zain Group has said that continued social unrest in Iraq, coupled with heightened levels of price competition and implementation of a new 20 percent sales tax on mobile services, as well as wide-ranging tax increases on other sectors in Iraq, have hit spending on mobile services. The company said that this has […]

Court finds against Zain in $187m Tax Ruling

By John Lee. Reuters reports that an Iraqi appeals court has upheld a ruling that mobile phone operator Zain Iraq must pay a $187-million tax bill related to the acquisition of a rival Iraqna from Egypt's Orascom Telecom in 2007. Unusually, says the report, the government tried to levy capital gains┬átax worth $187 million on […]