Iraq Will Deduct Customs Duties on Foreign Transfers in Advance Starting September 1, 2026 — What Importers Need to Know
Quick answer: Starting September 1, 2026, Iraq’s Council of Ministers has directed that taxes and customs duties owed on foreign financial transfers be deducted in advance and held as deposits, rather than settled through the standard post-clearance process. The directive was issued following the Cabinet’s thirteenth regular session on August 6, 2026, under Prime Minister Ali […]