📈 “Iraq’s Tax Boom: Revenues Up 20%, Private Sector Surging — Real Reform in Motion! 💼💰🇮🇶”

 📈 “Iraq’s Tax Boom: Revenues Up 20%, Private Sector Surging — Real Reform in Motion! 💼💰🇮🇶”

🧾 Tax Reform in Action
The Supreme Committee for Tax Reform announced major progress:

• 20% growth in tax revenues over the past year

• Expected growth of 30–35% this year

• Voluntary tax disclosures by private companies up by over 40%

🔍 What’s Driving This?

• Increased confidence between businesses and the General Tax Authority

• Simplified tax filing processes encouraging compliance

• Growing economic activity tied to reform momentum

🤝 International Partnerships Pay Off

• Collaboration with the Center for Tax and Investment (Washington)

• Iraqi tax standards now being aligned with international norms

• The aim? Boost foreign investment and modernize Iraq’s financial ecosystem

🏗️ Result: A More Attractive Investment Climate
The conference held last week shows the success of Iraq’s digital tax reforms in enhancing transparency, facilitating business, and reviving the commercial sector.

🌐 Read more: Economy News Source

📌 Stay tuned for Iraq’s economic revival updates:
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🔥 From outdated systems to digital transformation — Iraq’s tax reform is building real economic momentum