Invoicing rules in Iraq
Iraq has no general VAT; sales tax applies only to specific goods and services, and corporate income tax is assessed by the General Commission for Taxes. Invoices are therefore issued net in Iraqi Dinar (or USD where contractually agreed), with the supplier's tax number and a sequential number for the buyer's records.
- Supplier legal name, address and Tax Number
- Buyer name and address, plus their tax identifier where registered
- A unique sequential invoice number and issue date
- Line description, quantity, unit price and line total in IQD
- Subtotal, any discount and the total amount payable
- Payment terms, due date and bank transfer details