American Business Council discuss tax system with Iraq Tax Authority

The Ministry of Finance announced the start of talks between the General Authority for taxes on Thursday with the U.S. Business Council in Iraq.

The ministry statement said and got “obelisk”, a copy of it, that “the Commission will host tomorrow, Thursday the U.S. Business Council in Iraq ( Usbci) To discuss a number of issues and bilateral cooperation mechanisms in the tax regimes and technological development in this regard. “

The statement added, “This step comes to highlight the tax system and the mechanism for settling accounts for companies wishing to invest in Iraq to support the Iraqi economy and provide an attractive investment environment for foreign companies and Iraqi forces.”

It is noteworthy that Iraq from countries that have a relatively lower tax deal for countries that tax is a source of national income.