{
  "title": "Iraq: Selected Issues",
  "publication": "IMF Staff Country Reports, May 16, 2024",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2024/05/15/iraq-selected-issues-549033",
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  "summary": "This Selected Issues paper offers a roadmap for tax policy measures and structural reforms that could be used to raise non-oil revenues. In order to raise revenues in the near-term, the authorities should review the tariff structure to eliminate exemptions and raise tariffs on luxuries.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- This Selected Issues paper offers a roadmap for tax policy measures and structural reforms that could be used to raise non-oil revenues.\n- Raising non-oil revenues is a key priority because of the expected decline in oil prices, as well as the need to ensure long-term fiscal sustainability and meet sizeable spending needs."
    },
    {
      "heading": "Near-term revenue measures",
      "content": "- Review the tariff structure to eliminate exemptions.\n- Raise tariffs on luxuries.\n- Make the personal income taxes more progressive.\n- Broaden tax bases."
    },
    {
      "heading": "Medium-term reforms",
      "content": "- Move towards adopting the value added tax.\n- Tackle structural obstacles to revenue mobilization:\n  - informality\n  - lack of economic diversification\n  - low levels of financial inclusion\n  - high reliance on cash"
    },
    {
      "heading": "Institutional capacity and support",
      "content": "- Significantly accelerate institutional reforms of revenue and customs administration.\n- Leverage support of IMF and other donor capacity development efforts."
    },
    {
      "heading": "Publication and metadata",
      "content": "- Publication date: May 16, 2024\n- Pages: 40\n- Volume: 2024\n- Issue: 129\n- Series: Country Report No. 2024/129\n- DOI: https://doi.org/10.5089/9798400275739.002\n- Stock No: 1IRQEA2024002\n- ISBN: 9798400275739\n- ISSN: 1934-7685\n- Subjects: Employment, Gender, International organization, Labor, Labor markets, Monetary policy, Revenue administration, Women\n- Keywords: C. assessing Drivers, Employment, Global, informality distance, labor market challenge, labor market indicator, labor market structure, Labor markets, Middle East and Central Asia, Women\n\nSource: IMF Staff Country Reports — \"Iraq: Selected Issues\" (May 16, 2024).\n\n---\n\n Content in this bundle\n\n- Iraq: Selected Issues; IMF Country Report No. 24/129; April 10, 2024\n  - Iraq: Selected Issues; IMF Country Report No. 24/129; April 10, 2024 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Iraq: Selected Issues; IMF Country Report No. 24/129; April 10, 2024 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: May 16, 2024",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400275739.002",
    "This Selected Issues paper offers a roadmap for tax policy measures and structural reforms that could be used to raise non-oil revenues.",
    "Raising non-oil revenues is a key priority because of the expected decline in oil prices, as well as the need to ensure long-term fiscal sustainability and meet sizeable spending needs.",
    "Review the tariff structure to eliminate exemptions.",
    "Raise tariffs on luxuries.",
    "Make the personal income taxes more progressive.",
    "Broaden tax bases.",
    "Move towards adopting the value added tax.",
    "Tackle structural obstacles to revenue mobilization:",
    "Significantly accelerate institutional reforms of revenue and customs administration.",
    "Leverage support of IMF and other donor capacity development efforts.",
    "Publication date: May 16, 2024",
    "Pages: 40",
    "Volume: 2024",
    "Issue: 129",
    "Series: Country Report No. 2024/129",
    "DOI: https://doi.org/10.5089/9798400275739.002",
    "Stock No: 1IRQEA2024002",
    "ISBN: 9798400275739",
    "ISSN: 1934-7685",
    "Subjects: Employment, Gender, International organization, Labor, Labor markets, Monetary policy, Revenue administration, Women",
    "Keywords: C. assessing Drivers, Employment, Global, informality distance, labor market challenge, labor market indicator, labor market structure, Labor markets, Middle East and Central Asia, Women",
    "**Iraq: Selected Issues; IMF Country Report No. 24/129; April 10, 2024**"
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