Information about Iraq Minimum wage and taxes.

The minimum wage in Iraq has been determined as 250,000 Iraqi dinars as of 2019. This amount corresponds to approximately 210 US dollars. The tax system in Iraq includes income tax, corporate tax, value added tax and some other taxes. Income tax rates vary depending on different income brackets. For example, a tax rate ranging from 15-25% is applied to those with an income of more than 12,000,000 Iraqi dinars. The corporate tax rate is generally 15%, but for companies operating in the oil and natural gas sectors, the rate can go up to 35%. The value added tax rate is generally 10%. However, low tax rates are applied for some basic necessities and services. Since the tax system and tax rates in Iraq may change from time to time, it is important to obtain up-to-date information from local tax authorities or professional tax advisors.

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