Iraq takes a step toward deeper global cooperation by targeting double taxation agreements with key international partners.
In addition, the Cabinet approved a plan allowing the Minister of Finance, or a chosen representative, to start formal talks. These negotiations will cover draft agreements to avoid double taxation and stop tax evasion. The countries involved are China, Qatar, and the Czech Republic.
This move forms part of Iraq’s wider strategy for international relations and economic coordination. The goal is to build stronger ties while protecting Iraq’s financial interests.
The Ministry of Foreign Affairs will help push this plan forward. It will prepare official authorization papers for the Prime Minister’s approval. Once signed, Iraq can move ahead with the formal negotiation process.
Double taxation agreements are important tools in today’s global economy. Without such agreements, companies and individuals could end up paying taxes twice on the same income—in both Iraq and a foreign country.
These agreements aim to solve that problem. They create fair tax rules and promote transparent cooperation between countries. More importantly, they attract foreign investors who seek stability and clear tax structures.
Moreover, by working with China, Qatar, and the Czech Republic, Iraq shows its interest in building long-term, balanced trade and investment relations. These countries are important economic players, and strong tax agreements can open doors to larger financial flows and projects.
The effort also reflects Iraq’s commitment to stopping illegal financial practices. Tax evasion weakens the economy and drains public funds. Through modern agreements, Iraq can improve enforcement and share information with partner countries.
In addition, these agreements will support businesses operating across borders. Companies working in Iraq and abroad can plan more confidently when tax policies are clear and fair.
This move highlights Iraq’s smart approach to finance. Rather than working alone, the country is choosing trusted partnerships. These new agreements are expected to boost confidence, both locally and internationally.
By addressing double taxation agreements, Iraq positions itself as a more open and reliable place for investment. It signals a push for fairness, growth, and global connection.
As Iraq expands its economic diplomacy, such steps will help grow business and strengthen national finances through better cooperation and smarter tax policy.