Revelation of Financial Waste Valued at 400 Billion Dinars Due to Tax Exemption of Oil Companies

mniraq - Parliamentary reports revealed the existence of numerous major companies operating within oil licensing rounds that have not undergone complete tax accounting, resulting in financial waste estimated at around 400 billion Iraqi dinars. Data indicated that the mechanisms adopted in calculating profits and taxes rely on varying estimates far from actual contractual percentages, prompting communication with competent authorities to follow up on tax dues and verify them to ensure the protection of public funds and enhance government revenues.