In a strategic move towards restructuring the Iraqi economy, the Tax Reform Committee announced the development of a new tax law in collaboration with the German Development Agency (GIZ) and the European Union. The project aims to overhaul Iraq’s tax system based on international standards, enhancing tax fairness and supporting the investment climate. The new law includes incentives for environmental projects and promotes digital transformation to streamline tax procedures. With a 22% increase in tax revenue, the tax reform emerges as a key step in strengthening the national economy and attracting foreign investments.

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