🇮🇶 Resumen fiscal — Iraq

Limited Liability Company (LLC)

Standard corporate income tax in Iraq is 15% on taxable profits. Companies operating under the National Investment Commission (NIC) investment licence qualify for a 10-year tax exemption from the date the project becomes operational. Oil and gas companies operating under production sharing agreements are subject to 35% CT. There is no VAT in Iraq. Withholding tax of 15% applies on payments to non-resident contractors. The Kurdistan Region has its own tax administration but applies the same federal rates.