Iraq Proof of Payment of Government Utility Fees Now Mandatory

Iraq Companies Registration Update: Proof of Payment of Government Utility Fees Now Mandatory The Companies Registration Department has issued a new announcement imposing additional compliance requirements on all companies in relation to outstanding government utility fees. Key Regulatory Updates The announcement is issued pursuant to an official directive from the General Secretariat of the Council of Ministers The directive is based on Article (18) of the Federal General Budget Law for the years 2023–2025 Companies are required to submit proof of payment for: Water service fees Electricity service feesowed to government entities   New Enforcement Measure Companies must provide evidence that all outstanding utility bills have been settled Failure to submit proof of payment will result in: Suspension of transaction processing No transactions will be completed starting from the following week if proof is not attached How Etihad Can Assist Etihad provides legal and regulatory advisory services to banks, financial institutions, and businesses, supporting compliance with applicable laws, regulations, and regulatory guidance issued by any competent authorities.  

Companies Registration

Companies Registration Companies Registration Department #Iraq has announced its circulation to accepting the financial statements of 2024 prepared by the accountant and signed by the company’s general manager (in their draft form) to cut the timeframe required for its submission by 7 Oct 2025 due to the momentum within the Accountants and Auditors Syndicate regarding the procedures for attesting financial statements. The final certified version must be submitted before the end of 2025.