The Right of Investor in Tax and Customs Exceptions under Investment Laws of Kurdistan Region and Iraq: A comparative study

Investors’ exemptions from taxes and customs are considered an important step to facilitate the investment process and
encourage investors to attract and invest their capital. Therefore, many countries, especially developing countries are interested
and regulated it by their investment law. Customs duties imposed on goods and products or exports and imports in general in
the entry and exiting of the border, but there are many legislations exempts of the investors from customs taxes that aims to
make the facilities and encouragements of the investment process.
Iraq and the Kurdistan Region have the investment law and both of the laws issued in 2006, the Iraqi parliament has made two
amendments in 2010 and 2015, but the Kurdistan Investment Law retained as it is. And both of the laws interested in this
subject and gave great importance in order to provide the facilities to the investor for the investment of his capital in the
country. Therefore, in this paper, we try to explain what are the most important legal guarantees owned by the investor in the
field of tax and customs exemptions in both laws and then compare and evaluate between them and express our views on it.