Doing business guide Iraq

Understanding Iraq’s tax position

The Republic of Iraq is the fourth most populous country in the Middle East and has the world’s fifth largest proven oil reserves. It has a federal parliamentary system of government with the country being divided into governorates, four of which comprise the semi-autonomous Kurdistan Region.  

Deloitte has created a series of Business Guides to help clients who are maintaining a business or looking to invest in countries across the Middle East.

“Doing Business Guide Iraq” highlights key areas of consideration for businesses who are looking to invest in the country, as well as those who are already present, but are looking to undertake a review of their tax exposures. The report provides businesses with insights on the legal and regulatory framework, the immigration and labor landscape and the taxation in Iraq, among other key areas as listed below: 

  • • About Iraq   
  • • Market overview
  • • Legal and Regulatory
  • • Taxation in Iraq (Residence, Tax administration, Taxable income, Withholding tax, Rent retentions, Tax exemptions, Corporate income tax, Personal income, Indirect taxes etc.)
  • • Immigration and labor landscape (Work authorization, Employer registration, Payroll/contract requirements, Work permit duration and maximum authorized period of stay, Employer compliance, Exit requirements, Processing challenges, Industry specific regulations etc.)

 We welcome the opportunity to discuss your specific needs and provide you with a better understanding of the issues discussed in this material. Please do not hesitate to contact one of our tax specialists on the following page.

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