Economy

KRG Lifts 100 Percent Customs Duty on Electric Vehicle Imports

This directive follows a broader initiative led by Prime Minister Masrour Barzani to alleviate financial pressures on citizens.

Kurdistan 24 Digital Media 2024/09/13 13:50

2025 Prologue electric utility vehicle is charged outside the showroom of a Honda dealership Wednesday, Sept. 4, 2024, in Highlands Ranch, Colo. (Photo: AP/David Zalubowski)

Kurdistan Electric Vehicles Customs Duty Directorate of Taxes KRG Ministry of Finance and Economy Kamal Warti KRG Initiatives PM Masrour Barzani

ERBIL (Kurdistan24) – The Kurdistan Regional Government (KRG) has instructed the Ministry of Finance and Economy to completely lift customs duties on electric vehicles, reducing the import tax by 100%.

This directive follows a broader initiative led by Prime Minister Masrour Barzani to alleviate financial pressures on citizens.

One key decision under Decree 3393 is the suspension of taxes on certain businesses, including restaurants and hotels rated fourth grade and above, in line with the federal budget law and a resolution by the Iraqi Council of Ministers.

Kamal Warti, Director General of Taxes at the Ministry of Finance and Economy, confirmed the decision at a press conference, noting that the exemption would remain in place until the relevant laws are amended in the next session of the Kurdistan Parliament.

This move is part of the KRG's ongoing efforts to support environmental sustainability and promote the use of electric vehicles, while also easing the financial burden on businesses and citizens in the region.