Earlier this year, #Iraqi_Cabinet Resolution No. 24074 was issued, which included a set of new #tax instructions and reforms. The most prominent of these reforms is extending the exemption period from fines and interest on due taxes, which was initially set until 31/7/2024.

These steps come within the framework of the government’s ongoing efforts to implement tax reforms that are still under completion and work. Following the meeting of the Supreme Committee concerned with following up on the implementation of these reforms, and based on what was stated in the income and #exemptions paragraph of the aforementioned resolution, a decision was issued to extend the period for writing off the due #interest and #fines on taxpayers, whether individuals or companies starting from 1/9/2024 to continue until 31/12/2024.

This extension comes within the framework of providing an additional opportunity for #taxpayers to settle their tax status and benefit from the exemptions granted.