Crypto tax in Iraq
How is cryptocurrency taxed in Iraq?
The classification of cryptocurrency for tax purposes in Iraq is currently unclear. Iraq operates a territorial tax system.
Common questions
- What is Iraq's tax system?
- Iraq employs a territorial tax system, meaning taxes are generally levied on income earned within its borders.
- Is there a specific tax rate for crypto in Iraq?
- The classification of cryptocurrency is unclear in Iraq, and no specific headline tax rate is provided.
Crypto in Iraq is unclear / unsettled.
Treatment
unclear / unsettled
Long-term
—
Headline rate
—
Iraq’s central bank has banned formal cryptocurrency activity and there is no official guidance on how an individual’s crypto gains would be taxed, so treatment for a relocating individual is currently undefined and high‑risk rather than clearly exempt or taxable.
“All income derived from Iraq is subject to tax in Iraq regardless of the residence of the recipient.[5] In addition, income that is realised outside Iraq by Iraqi and other residents, including interest, commissions, investment returns, and profits from trading in currencies, valuable metals, and securities, is taxable if such income arises from funds and deposits held in Iraq.[5] The Iraqi Central Bank has issued a statement prohibiting the use of cryptocurrencies.[3]” — Iraqi income tax law as summarized by PwC; Central Bank of Iraq directives
Reflects the treatment of an individual's crypto disposals. Estimate — confirm against the linked source. See methodology.