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Iraq Tax Information

No general VAT

No VAT system. Sales tax 300% on luxury goods only. Corporate tax 15%. Income tax progressive.

Accountant Services to Invoice

  • Bookkeeping
  • Tax preparation
  • Financial statements
  • Payroll services
  • Tax planning
  • Audit support
  • Advisory

Invoice Requirements in Iraq

Tax registration
Business license
Client details
Invoice number
Total in IQD

Payment Terms

Monthly bookkeeping billed monthly. Tax prep: 50% upfront, 50% on completion.

CashNet 15Net 30Advance

Payment Methods in Iraq

CashBank TransferQi CardRasheed BankTBI

Accountant Invoice Tips

  • Reference service period
  • Detail returns prepared
  • Include software fees
  • Note complexity factors
  • Reference engagement letter

Frequently Asked Questions

What tax rate applies to accountant invoices in Iraq?

Iraq has No general VAT. No VAT system. Sales tax 300% on luxury goods only. Corporate tax 15%. Income tax progressive.

What payment methods are common for accountants in Iraq?

Common payment methods in Iraq include: Cash, Bank Transfer, Qi Card, Rasheed Bank, TBI. Monthly bookkeeping billed monthly. Tax prep: 50% upfront, 50% on completion.

What should accountant invoices include in Iraq?

Your invoice should include: Tax registration, Business license, Client details, Invoice number. For accountant services specifically, also include: Bookkeeping, Tax preparation, Financial statements.

How do accountants price tax preparation?

Based on complexity: forms, schedules, and documentation required.

Should accountants charge for questions?

Include reasonable questions. Track time for extensive consultations.

Is there VAT in Iraq?

No general VAT system. Sales tax only on luxury goods at high rates. Most transactions not subject to sales tax.