PM Barzani orders exemption of certain taxes in Kurdistan Region
The letter, identified as No. 3393, outlines the immediate suspension of taxes on restaurants, hotels, private hospitals, bakeries, and vacant land.
ERBIL (Kurdistan24) – In a significant move to alleviate the financial burden on citizens, Prime Minister Masrour Barzani has ordered the exemption of several taxes in the Kurdistan Region. The directive was conveyed through a letter from the Presidency of the Office of the Council of Ministers, dated July 23, and addressed to the Ministry of Finance and Economy.
The letter, identified as No. 3393, outlines the immediate exemption of taxes on restaurants, hotels, private hospitals, bakeries, and vacant land. This measure aims to support businesses and individuals struggling with the current economic situation.
The exemption will remain in effect until tax collection procedures are regulated in coordination with federal agencies and amendments to the relevant laws are made. This decision highlights the Kurdistan Regional Government's (KRG) commitment to easing the financial pressures faced by its citizens.
The exemption of these taxes is expected to provide immediate financial relief to businesses and individuals, potentially leading to increased consumer spending and economic activity. By reducing the financial burden on key sectors such as hospitality, healthcare, and real estate, the KRG aims to stimulate growth and stabilize the local economy. Additionally, this move could enhance business confidence and attract further investments into the region.