Presidency approves foreign oil firms taxing law

BAGHDAD / IraqiNews.com: The Iraqi Presidenial Board has approved foreign oil firms taxing law no. 19 of 2010. “The companies, their branches, offices, and sub-contractors working in Iraq will be taxed by 35 percent,” the bill said. The bill has been legislated to support Iraq’s national economy. MH (P) / SS 1