TAXES – New Department

The General Commission of Taxation and in accordance with the ministerial order 4706 of 2017 has established a department for the VIP taxpayers to process taxation matters of major corporations operating in Iraq in a more expedited manner.

The new department is to serve the following companies:

  1. The IOCs and their subcontractors.
  2. Private and mixed Joint Stocks Companies.
  3. Banks.
  4. Telecom companies.
  5. Branches of foreign companies.
  6. The foreign investors, contractors, and suppliers.

There is no change with regard to the applicable legal provision of taxation.

Please let us know should you require any additional information.

Foreigners’ Residence Law (No. 76 of 2017)

Iraq has enacted the new Foreigners’ Residence Law (No. 76 of 2017) as of 23 October 2017.
The new Law consists of 54 Articles and is repealing the law 118 of 1978, it is stated that ministerial instructions shall be issued to facilitate the enforcement of the new Law.
Please let us know should you require a translation of the new Foreigners’ Residence Law or if you require a legal assessment of the main features of the new Law.

Occupational Health and Safety Regulations No. 12 of 2016

The Minister of Labour and Social Affairs has issued the Ministerial Instructions No. 12 of 2016 (Occupational Health and Safety Requirements Regulations “the Regulations”) Read more

The Law of Exemptions of OICs and their Subcontractors from Fees

The Iraqi Parliament has voted on the subject Law (published on its website 4 Oct. 2016) that provides exemption to International Oil Companies and their subcontractors contracted by the Ministry of Oil under the licensing rounds from fee payments Read more

Second Amendment of Private Investment in Crude Oil Refining Law No. (64) Of 2007

The Iraqi Parliament has voted on the second amendment of Private Investment in Crude Oil Refining Law No. (64) Of 2007 and published it on its website on 21 September 2016 to be ratified by the President and published in the official gazette for effect; we list hereunder the main features of this second amendment Read more

Self-Assessment Taxation on JSCs, MSCs and Foreign Companies of Oil Licensing Contracts

The General Commission of Taxation declared the implementation of self-assessment mechanism in taxation for certain taxpayers pursuant to the circular of the Council of Ministers Read more

Establishment of First Instance Court Specialized in Investment Matters in Iraq.

In an announcement released on 25 August 2016, the Iraqi Supreme Judicial Council decided to establish a first instance court specialized in Read more

Public Treasury Bonds Instructions

The Central Bank of Iraq / General Directorate of Financial Transactions & Debt Management has issued Public Treasury Bonds Instructions Read more

Directive by the Iraqi Council of Minister on the Import, Export and Customs Clearance

The Iraqi Council of Ministers issued a directive number 63/8295 on 27 June 2016 based on the Companies Law No. 21 of 1997 to restrict the activities of goods and products import and export Read more

Convention In Iraq

Iraq has joined the United Nations Convention on Jurisdictional Immunities of States and Their Property by passing Order No. 23 of 2015, to order an English version of the Order and the Convention please contact us.