Iraq adopts new customs valuation to improve transparency and trade efficiency nationwide. The General Authority of Customs announced updated rules for calculating the value of imported goods. This system applies to all customs centers across the country. As a result, importers and authorities must follow clear and standardized procedures.
The decision follows Iraq’s Customs Law No. 23 of 1984, as amended, and Cabinet Decision No. 569 of 2025. Officials said the move aligns with directives from Prime Minister Mohammed Shia’ Al-Sudani. Additionally, The new mechanisms comply with international standards and aim to protect public funds.
For goods declared through advance disclosure, customs value will be based on official commercial invoices linked to bank transfers.As well as, If goods are imported without advance disclosure or bank transfers, the value will rely on records held by the General Authority of Customs. These rules standardize how customs determines costs.
Importers may request a review or amendment of declared values. Requests must include official supporting documents. Decisions will be issued within three working days. Authorities accepting delays beyond this period will bear legal responsibility.
Banks operating in Iraq will verify the accuracy of commercial invoices.However, The Central Bank of Iraq will supervise this verification process. Officials said this step enhances transparency and reduces opportunities for fraud.
The new Iraq customs valuation system supports the government’s broader financial reforms.As well as, It also stabilizes the trade environment and encourages fair competition. Traders and importers will benefit from a clear and consistent valuation method.
Analysts said the system improves efficiency, reduces disputes, and ensures proper revenue collection. It also provides predictability for businesses importing goods. By following international standards, Iraq strengthens compliance and trade credibility.
Officials emphasized that the reform reflects the government’s commitment to financial discipline. Transparent customs practices protect public funds and improve investor confidence. Authorities plan ongoing monitoring to ensure smooth implementation.
The Iraq customs valuation reform marks a major step in trade modernization.However, It balances legal compliance, transparency, and economic growth. Importers now have a clear framework for declaring and verifying their goods.