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New Guide to Doing Business in Iraq

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1 New Guide to Doing Business in Iraq on Sat Jul 15, 2017 2:20 am

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New Guide to Doing Business in Iraq

July 7, 2017 in Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News, Iraq Industry & Trade News, Iraq Oil & Gas News, Politics, Security

Deloitte Middle East (DME) has launched a guide to doing businesss in Iraq.

The “Doing business guide – Understanding Iraq’s tax position” addresses the key tax considerations for doing business in Iraq, alongside key economic, industry and market drivers which impact starting up a business there.

The complexity of tax compliance in Iraq has grown in recent years; and as Iraq is mainly dependent on oil for revenues, the drop in oil prices is having a significant effect on the investment market in Iraq.

The report discusses the following topics:

The macro-environmental perspective of Iraq
Key industries and economic drivers
Indicators and procedures for starting a business in Iraq
‘Trading with’ versus ‘trading in’ Iraq
Taxation in Iraq (including administration, taxable income, withholding tax, employment tax, corporate and indirect taxes)

The report can be downloaded here.

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(Source: Deloitte)

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