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 S. Al-Sudani chaired a meeting of the High Committee for Tax Reform on Wednesday, where he launched the Digital Tax Inquiry Service within the Ur e-Services Platform. The service enables citizens, businesses, and companies to electronically check their tax status with speed, accuracy, and transparency. It also resolves issues […]
By John Lee. Iraq's Osoul Foundation for Economic Development and Sustainability has signed a strategic cooperation agreement with the International Tax and Investment Center (ITIC) in Washington, aimed at enhancing Iraq's business environment. The signing ceremony was attended by government officials, business leaders, global companies, diplomats, and international organisations. The agreement aligns with Iraq's economic […]
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 […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG will see 20 billion dinars monthly from new corporate tax on internet and telecom companies: official The Kurdistan Regional Government (KRG) will attempt to bring in nearly 20 billion dinars [approx $13.7 million] […]
By Salam Zidane for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi government considers sales tax to relieve budget crisis Iraq is mulling the possibility of imposing a sales tax amid concerns over the consequences of such a move on […]
KRG Prime Minister Masrour Barzani and Deputy Prime Minister Qubad Talabani chaired a meeting of the cabinet on Wednesday to discuss implementing best practice for the taxation system of the Kurdistan Region. The ministers reviewed an internal pilot project tasked with developing a new legal and auditing framework. The framework updates current auditing practices and […]
By John Lee. Iraq and the Netherlands have signed a double taxation agreement on Monday. Iraqi Finance Minister Fuad Hussein is quoted as saying that avoiding double taxation will improve the business environment and help to attract foreign businesses and investments to Iraq. (Sources: Iraqi Ministry of Finance, Kurdistan 24)
By John Lee. Companies are reportedly relocating from the Kurdistan Region to rest of Iraq in an effort to avoid taxes and customs duties which the Iraqi government charges on goods exported to southern Iraq. According to Kurdish media network Rudaw, the Baghdad government considers goods produced in Iraqi Kurdistan to be foreign, and subject […]
By Salam Zidane for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi government sent to parliament a revised version of the 2018 budget bill for the fourth time Feb. 11. The budget proposal includes a new 10% tax on sales at commercial centers, restaurants and […]
From Rudaw. Re-published with permission by Iraq Business News. Of nearly 25,000 registered companies in the Kurdistan Region, only around 13,000 of them pay corporate income tax, according to a new report from the Directorate of Taxes and Public Properties in Erbil. General manager of the directorate, Dr. Kamal Tayyib, told Rudaw the systematic tax […]
