Financial Law

Throughout their operational presence in Iraq, we assist our clients in all matters pertaining to the financial management (taxation, accounting, auditing, and social security obligations and processing) of their in-country structures, activities, and local employees.

  • We undertake tax and related accounting set-ups and systems
  • Establishing Iraqi tax files and obtaining the corresponding Tax Identification Numbers (TIN)
  • Maintaining Iraq-based bookkeeping
  • Converting financial statements to Iraqi unified accounting system
  • Assigning account codes accepted by the Iraqi Unified Accounting System and trial balance
  • Ensuring that business income tax and related matters comply with current filing requirements of the Iraqi tax authorities
  • Financial control risk assessment and review
  • Internal audits and investigations
  • Training of clients’ local employees in the foregoing.