At Babylon for Tax Consulting, we closely monitor the evolving tax landscape in Iraq and across the Middle East. While Iraq has not yet implemented a full Value Added Tax (VAT) system, discussions and preparations are ongoing — especially following the regional adoption of VAT by neighboring GCC countries.

At Babylon for Tax Consulting, we assist international and regional energy companies in navigating the United Arab Emirates’ (UAE) corporate tax regime, with a focus on the oil and gas sector — one of the most strategically significant industries in the country

At Babylon for Tax Consulting, we understand that accurate and compliant financial statements are the foundation of any successful business operation in Iraq. Our team, together with our provisional auditor with international experience, ensures that every financial report we prepare reflects not only accuracy and transparency but also full compliance with Iraqi accounting standards and tax regulations.

In today’s interconnected global economy, tax is no longer a once-a-year obligation; it’s an ongoing part of financial life. For individuals who earn income in multiple jurisdictions, manage property portfolios, or navigate cross-border employment, understanding how taxes affect personal wealth is critical. Yet, few people have the time—or the desire—to track changing tax laws, reporting standards, and compliance requirements.

At Babylon for Tax Consulting, we treat withholding tax as a control, not a surprise. We design end-to-end WHT processes—from contract wording and vendor onboarding to correct rate application, gross-up decisions, and timely filings. We review supply and service contracts, map payment flows, and configure ERP checks so WHT is captured at source, supported by clean documentation and exemption/treaty claims where available. When issues arise, we reconcile ledgers, obtain clearance certificates, and manage audits and objections. The result: fewer disputes, predictable cash flow, and compliant, defensible positions across Iraq and the wider region.

At Babylon for Tax Consulting, we specialize in Personal Income Tax—guiding executives, employees, and expatriates through Iraq and UAE rules with clarity and precision. We assess residency and source-of-income, set up compliant payroll and withholding, prepare and file returns, regularize historical exposures, and handle audits and objections. Our goal is simple: minimize risk, optimize net take-home, and keep you fully compliant without surprises.

At Babylon for Tax Consulting, we guide corporations through the complexities of the Iraqi Corporate Income Tax (CIT) system, ensuring compliance with local legislation while optimizing tax efficiency. Our expertise covers the full spectrum of tax matters ,from registration and computation to filing, audit defense, and tax clearance.

Audit Services, Tax Analysis, and Financial Statement Preparation Ensuring Transparency, Compliance, and Strategic Insight At Babylon Tax Consulting, we provide comprehensive audit and tax services designed to ensure your business remains compliant, transparent, and financially sound. Our team of experts works closely with clients across Iraq and the UAE to deliver accurate, reliable, and timely financial information that supports informed decision-making.

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