Babylon for Tax Consulting
Iraq · UAE · Middle East

Where Compliance Meets Confidence

Reliable corporate and personal tax advisory across Iraq and the UAE — tax preparation, legal support, and strategic guidance throughout the Middle East.

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Babylon for Tax Consulting
Iraq
Law 113/1982
UAE
Cross-Border
M&A
Advisory
CIT
Compliance
Dubai Silicon Oasis, Dubai, UAE
Al Qadassieh, Baghdad, Iraq
◆ Corporate Income Tax
◆ Personal Income Tax
◆ Tax Compliance
◆ M&A Advisory
◆ Tax Risk Assessment
◆ Audit Services
◆ Indirect Taxes
◆ Tax Strategy
◆ Corporate Income Tax
◆ Personal Income Tax
◆ Tax Compliance
◆ M&A Advisory
◆ Tax Risk Assessment
◆ Audit Services
◆ Indirect Taxes
◆ Tax Strategy

Trusted Tax Partners Across Iraq & the UAE

Babylon for Tax Consulting FZCO is a specialist advisory firm with offices in Dubai Silicon Oasis and Baghdad, combining deep local expertise with cross-border precision to serve businesses operating throughout the region.

2
Regional Offices
Our Mission

Clarity. Compliance. Confidence.

At Babylon for Tax Consulting, we deliver clarity, compliance, and confidence in every aspect of taxation and business advisory. We simplify complex tax and regulatory systems across Iraq, the UAE, and the wider region, helping clients operate transparently and achieve sustainable growth.

Guided by integrity and precision, we bridge the gap between law and practice — ensuring every calculation, filing, and advisory solution stands up to legal, financial, and ethical scrutiny.

Deep Local Expertise

Specialists in Iraqi Tax Law No. 113/1982, CPA Order No. 49/2004, UAE Corporate Tax, and cross-border structuring.

Strategic & Practical

Every solution blends deep legal insight with practical financial expertise, ensuring accuracy and strategic alignment.

Lasting Partnerships

We build client relationships on trust and professionalism, empowering businesses to grow with certainty.

What We Do

Comprehensive Tax Advisory Services

Tailored solutions blending deep legal insight with practical financial expertise across Iraq, the UAE, and the Middle East.

Corporate Income Tax

End-to-end CIT advisory for companies operating in Iraq, covering Tax Law No. 113/1982, CPA Order No. 49/2004, and cross-border structuring from Iraq to the UAE.

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Personal Income Tax (PIT)

Personalized PIT planning and preparation that maximizes deductions and minimizes liability for individuals working across the region.

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Tax Compliance Services

Comprehensive compliance management — filings, declarations, payroll tax, and Social Security contributions — ensuring full adherence to Iraqi and UAE obligations.

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Tax Risk Assessment

Systematic identification and mitigation of tax exposures before they become liabilities, with clear risk-graded reporting and actionable remediation plans.

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Mergers & Acquisitions

Tax due diligence, deal structuring, and post-acquisition integration advisory for M&A transactions involving Iraqi and UAE entities.

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Audit Support Services

Expert representation and documentation assistance during tax audits and regulatory examinations, protecting your position before tax authorities.

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Indirect Taxes & VAT

Advisory on Value Added Tax and indirect tax obligations across jurisdictions, including Iraq's evolving VAT framework and UAE VAT compliance.

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Payroll Services

Full payroll management including tax withholding calculations, Social Security contributions per Instructions No. 1/2007, and employee tax reporting.

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Tax Strategy

Long-term strategic tax planning aligned with business goals — minimizing effective tax rates while maintaining full legal compliance across jurisdictions.

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How We Work

Precision Is Our Process

We combine legal expertise, financial accuracy, and strategic insight to deliver seamless tax solutions that foster compliance and confidence.

01

Initial Assessment

We begin with a thorough review of your tax position, obligations, and strategic objectives across relevant jurisdictions.

02

Tailored Strategy

Our team develops a bespoke tax plan aligned with your business structure, legal requirements, and growth goals.

03

Implementation

We manage filings, documentation, and submissions with meticulous accuracy — meeting all deadlines without exception.

04

Ongoing Partnership

We monitor regulatory changes, proactively update your strategy, and remain your trusted advisor as your business evolves.

Legal Framework

Iraqi & UAE Tax Laws and Regulations

A comprehensive reference to the key legislation governing taxation in Iraq and the UAE — updated to reflect the current regulatory landscape.

Iraq · Income Tax

Income Tax Law No. 113 of 1982

The principal statute governing personal and corporate income tax in Iraq, including residency rules, taxable income, deductions, and the graduated rate schedule.

1982 (as amended)Read Summary →
Iraq · CPA Order

CPA Order No. 49 of 2004

Coalition Provisional Authority order amending ITL 113/1982, introducing a flat 15% CIT rate for companies and removing prior progressive brackets for legal entities.

2004Read Summary →
Iraq · Social Security

Social Security Instructions No. 1 of 2007

Governing employer and employee Social Security contribution rates, registration obligations, and payroll withholding procedures applicable to entities operating in Iraq.

2007Read Summary →
Iraq · Investment

Investment Law No. 13 of 2006

Establishes the National Investment Commission and provides tax holidays, import duty exemptions, and land-use rights for approved foreign and domestic investment projects.

2006 (as amended)Read Summary →
Iraq · PIT

Personal Income Tax — Schedules & Rates

PIT under ITL 113/1982 applies graduated rates from 3% to 15% on net taxable income after personal allowances. Employers withhold and remit monthly via the GCTS.

ITL 113/1982 (Art. 12–18)Read Summary →
Iraq · Oil & Gas

Taxation of IOCs — Licensing Round Framework

International Oil Companies operating under Iraq licensing rounds are subject to a fixed 35% income tax, specific ring-fencing rules, and remittance profit arrangements.

Various — Post-2009Read Summary →
Iraq · Compliance

Penalties for Late Filing & Non-Compliance

ITL 113/1982 and associated circulars impose monetary penalties, interest surcharges, and potential criminal liability for late filing, under-declaration, and evasion.

ITL 113/1982 Arts. 55–68Read Summary →
KRI · Tax

Kurdistan Region Investment Law No. 4 of 2006

Provides an enhanced incentive regime for companies investing in the Kurdistan Region of Iraq, including 10-year tax holidays and broader exemptions than the federal framework.

2006 (KRI)Read Summary →
Iraq · VAT

Value Added Tax — Iraq's Evolving Framework

Iraq has not yet enacted a full VAT law, but ongoing legislative discussions and IMF/World Bank engagement signal a forthcoming VAT system, with draft legislation circulating.

Pending LegislationRead Summary →
Iraq · Customs

Iraqi Customs Tariff Law No. 22 of 2010

Governs import duties, customs valuation methods, and tariff classification in Iraq. Applies the Harmonized System (HS) coding and provides exemptions for qualifying projects.

2010Read Summary →
UAE · CIT

UAE Corporate Tax Law — Federal Decree No. 47 of 2022

Introduces a 9% federal CIT on taxable income exceeding AED 375,000, effective for financial years starting on or after 1 June 2023. Includes a 0% rate for Qualifying Free Zone Persons.

2022 (Effective 2023)Read Summary →
UAE · VAT

UAE Value Added Tax — Federal Decree No. 8 of 2017

Establishes the UAE's 5% VAT system, effective January 2018. Covers registration thresholds (AED 375,000), zero-rated and exempt categories, input tax recovery, and filing obligations.

2017 (Effective 2018)Read Summary →
Babylon Tax Insights

Tax Knowledge & Advisory Articles

Expert commentary on Iraqi and UAE tax law, compliance best practices, and regulatory developments written by Babylon's advisory team.

Corporate TaxOct 5, 2025

Corporate Income Tax (CIT) in Iraq — A Complete Guide

Iraq's corporate income tax framework under Law No. 113/1982 as amended by CPA Order No. 49/2004 applies a flat 15% rate on net taxable profits of resident companies and permanent establishments. This guide covers all aspects of CIT compliance, filing deadlines, deductible expenses, and strategic planning considerations for companies operating in Iraq.

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Personal TaxOct 4, 2025

Personal Income Tax (PIT) in Iraq

A practical guide for individuals and employers on Iraq's PIT system — graduated rates, payroll withholding, allowances, and annual reconciliation.

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ComplianceDec 12, 2025

Penalties for Late Filing and Payment in Iraq

Understanding the penalty regime under ITL 113/1982 — late filing surcharges, interest calculations, and how to avoid compounding exposure.

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InvestmentDec 12, 2025

Iraq's Tax Regime for Foreign Companies

A complete guide to how foreign-owned entities are taxed in Iraq — PE rules, withholding taxes, treaty considerations, and profit repatriation.

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InvestmentNov 15, 2025

Investment Incentives in Iraq — 2025 Guide for Foreign Investors

Tax holidays, customs exemptions, and land-use rights available under Investment Law No. 13/2006 and the Kurdistan Region Investment Law No. 4/2006.

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UAE TaxOct 5, 2025

Corporate Income Tax (CIT) in the UAE

A guide through the UAE's 9% CIT framework effective June 2023 — registration, taxable persons, free zone qualifying income, and compliance obligations.

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Corporate TaxOct 5, 2025

Taxation of Foreign Oil Companies in Iraq

IOCs operating under Iraq's licensing rounds face a 35% income tax, ring-fencing rules, and complex cost recovery and profit-sharing arrangements.

Read Full Article →
ComplianceOct 5, 2025

Payroll Services & Withholding Tax in Iraq

Managing payroll in Iraq requires precise PIT withholding, Social Security contributions under Instructions No. 1/2007, and monthly remittance to the GCTS.

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InvestmentNov 15, 2025

Business Setup in Iraq — From Establishment to Tax Compliance

A to Z guide covering company formation, licensing, tax registration, customs, and ongoing compliance obligations for businesses entering the Iraqi market.

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Reach Out

Let's Talk About Your Tax Needs

Our advisors are ready to help with compliance, structuring, or any tax challenge across Iraq and the UAE.

Dubai Office — UAE
Building A1, Dubai Digital Park, Dubai Silicon Oasis, Dubai, UAE 10001
info@babylontaxfirm.com
+971 567 163 791
Open Today · 09:00 AM – 05:00 PM
Baghdad Office — Iraq
Al Qadassieh, Baghdad, Iraq
+964 780 338 8880

Send Us a Message

We typically respond within one business day.