Page 147 - Microsoft Word - FINAL COPY - A Legal Guide to Investing in Iraq _12-7-2015_ _6_.docx

from taxes and fees at 10 years from the date .‫اﻟﺘﺸﻐﯿﻞ اﻟﺘﺠﺎري وﻟﻜﻞ ﻣﺮﺣﻠﺔ ﻣﻦ ﻣﺮاﺣﻞ اﻧﺸﺎء اﻟﻤﺸﺮوع‬
on which commercial operations commence, ‫اذ ان ھﻨﺎﻟﻚ ﺑﻌﺾ اﻟﻤﺸﺎرﯾﻊ اﻟﻜﺒﯿﺮة اﻟﺘﻲ ﻻ ﯾﻤﻜﻦ اﻛﻤﺎﻟﮭﺎ‬
and for each stage of construction in the ، ‫ﺧﻼل ﻣﺮﺣﻠﺔ واﺣﺪة واﻧﻤﺎ ﺗﺘﻄﻠﺐ ﻣﺮاﺣﻞ ﻣﺘﻌﺪدة ﻻﻧﺠﺎزھﺎ‬
project, i.e., some large-scale projects ‫وﻋﻠﯿﮫ ﻓﺎن اﻟﻨﺺ اﻟﺠﺪﯾﺪ ﻗﺪ ﻋﺎﻟﺞ ھﺬه اﻻﺷﻜﺎﻟﯿﺔ وﺟﻌﻞ ﻟﻜﻞ‬
cannot be finished in one stage but require ‫ﻣﺮﺣﻠﺔ ﻣﻦ ﻣﺮاﺣﻞ اﻧﺠﺎز اﻟﻤﺸﺮوع ﻓﺘﺮة اﻋﻔﺎء ﺧﺎﺻﺔ‬
multiples stages for completion. Thus, the ‫ﻛﻤﺎ ان اﻟﻔﻘﺮة ب ﻣﻦ اﻟﻤﺎدة ذاﺗﮭﺎ ﻗﺪ وﺳﻌﺖ ﻣﻦ ﻣﻔﮭﻮم‬.‫ﺑﮫ‬
new text deals with this problem by ‫اﻻﻋﻔﺎءات اﻟﻤﻤﻨﻮﺣﺔ ﻟﻠﻤﺴﺘﺜﻤﺮ ﻟﺘﺸﻤﻞ رﺳﻮم اﻻﻓﺮاز‬
allocating a specific period of exemption for ‫واﻟﺘﺴﺠﯿﻞ اﻟﻌﻘﺎري ﺑﻌﺪ ان ﻛﺎﻧﺖ ھﺬه اﻟﺮﺳﻮم ﻣﻦ اﻟﻤﺴﺎﺋﻞ‬
each stage of completing the project. ‫اﻟﻤﺨﺘﻠﻒ ﻋﻠﯿﮭﺎ ﺑﯿﻦ اﻟﻤﺴﺘﺜﻤﺮ ﻣﻦ ﺟﮭﺔ واﻟﺠﮭﺎت اﻻﺧﺮى‬
Likewise, Paragraph B of the same article .‫ذات اﻟﻌﻼﻗﺔ ﻟﻌﺪم وﺟﻮد ﻧﺺ ﺻﺮﯾﺢ ﺑﺨﺼﻮﺻﮭﺎ ﻓﻲ ﺣﯿﻨﮫ‬
expands the concept of exemptions granted
to investors to include screening and real
estate registration fees, after the latter had
been points of disagreement between
investors and the other agencies involved
due to the absence of a clear provision on
those fees at the time.

2. The new amendment to the Law has ‫ وﺳﻊ اﻟﺘﻌﺪﯾﻞ اﻟﺠﺪﯾﺪ ﻟﻠﻘﺎﻧﻮن ﻣﻦ داﺋﺮة اﻻﻋﻔﺎءات‬.2
broadened the scope of Customs ‫اﻟﻜﻤﺮﻛﯿﺔ اﻟﻤﻤﻨﻮﺣﺔ ﻟﻠﻤﻮﺟﻮدات اﻟﻤﺴﺘﻮردة ﻟﺤﺴﺎب‬
exemptions granted to fixed assets ‫ﻓﺒﻌﺪ ان ﻛﺎﻧﺖ اﻟﻤﺪة اﻟﺘﻲ ﯾﻤﻜﻦ ﺧﻼﻟﮭﺎ‬.‫اﻟﻤﺸﺎرﯾﻊ اﻻﺳﺘﺜﻤﺎرﯾﺔ‬
imported for investment projects. After ‫اﻋﻔﺎء اﻟﻤﻮﺟﻮدات اﻟﻤﺴﺘﻮردة ﻣﻦ اﻟﺮﺳﻮم اﻟﻜﻤﺮﻛﯿﺔ ھﻲ‬
the period during which fixed assets ‫ﺛﻼث ﺳﻨﻮات ﻣﻦ ﺗﺎرﯾﺦ اﻟﺤﺼﻮل ﻋﻠﻰ اﻻﺟﺎزة اﻻﺳﺘﺜﻤﺎرﯾﺔ‬
could be exempt from Customs fees had ‫اﺻﺒﺤﺖ اﻟﻤﺪة اﻻن ﻏﯿﺮ ﻣﺤﺪدة وﺗﻤﺘﺪ طﯿﻠﺔ ﻓﺘﺮة ﺗﻨﻔﯿﺬ‬
been three years from the date of 10 ‫ وھﺬا ﻣﺎﻧﺼﺖ ﻋﻠﯿﮫ اﻟﻤﺎدة‬، ‫اﻟﻤﺸﺮوع وﻟﻜﺎﻓﺔ ﻣﺮاﺣﻠﮫ‬
acquiring the investment license, it is ‫ﻣﻦ اﻟﺘﻌﺪﯾﻞ واﻟﺘﻲ ﺗﻢ ﺑﻤﻮﺟﺒﮭﺎ اﻟﻐﺎء ﻧﺺ اﻟﺒﻨﺪ )اوﻻ( ﻣﻦ‬
now unlimited and extends throughout
the period of implementing the project :‫ ﻣﻦ اﻟﻘﺎﻧﻮن ﻟﯿﺤﻞ ﻣﺤﻠﮫ اﻻﺗﻲ‬17 ‫اﻟﻤﺎدة‬
and all its stages. This is pursuant to
Article 10 of the amendment, under
which the First Item of Article 17 of the
Law is cancelled and replaced with the
following:

“Fixed assets imported for the purpose ‫“اﻋﻔﺎء اﻟﻤﻮﺟﻮدات اﻟﻤﺴﺘﻮردة ﻻﻏﺮاض اﻟﻤﺸﺮوع‬
of investment projects are exempt from ‫اﻻﺳﺘﺜﻤﺎري ﻣﻦ اﻟﻀﺮاﺋﺐ واﻟﺮﺳﻮم اﻟﻜﻤﺮﻛﯿﺔ ﻋﻠﻰ ان ﯾﺘﻢ‬
taxes and Customs fees, provided they ‫ادﺧﺎﻟﮭﺎ اﻟﻰ اﻟﻌﺮاق ﺧﻼل ﻣﺮاﺣﻞ اﻧﺸﺎء اﻟﻤﺸﺮوع وﻗﺒﻞ‬
are brought into Iraq during the phases ‫اﻟﺒﺪء ﺑﺎﻟﺘﺸﻐﯿﻞ اﻟﺘﺠﺎري ﻟﻜﻞ ﻣﺮﺣﻠﺔ ﻣﻦ ﻣﺮاﺣﻠﮫ وﻓﻖ‬
of project construction and/but before
the commencement of commercial .”‫اﻟﺘﺼﻤﯿﻢ اﻷﺳﺎﺳﻲ ﻟﻠﻤﺸﺮوع واﻟﻤﺪة اﻟﺰﻣﻨﯿﺔ ﻟﺘﻨﻔﯿﺬه‬
operations at each and every stage, in
accordance with the basic design of the
project and its time period for
implementation.”

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