The Public Law Branch at the College of Law at the University of Baghdad held a symposium entitled (A Look at the Real Estate Tax Law in Force). The symposium was chaired by the professor in the Public Law Branch (Assistant Professor Dr. Saba Noman Rashid) and commented on by (Professor Dr. Ban Salah Abdel Qader ) a professor in the Public Law Branch In the presence of a number of faculty and college employees, on Tuesday 4/4/2023 in the model courtroom in the college.
The symposium included several axes, including the definition of the tax on real estate in Iraq according to the law in force, which is No. 162 of 1959 as amended, the tax rate imposed, the real estate covered by the tax, and the real estate exempted from the tax.
The aim of the symposium is to explain how the real estate tax law is in force on the real estate that is subject to it and what standards it is subject to. The real estate exempted from the tax and the real estate covered by it, which shows the impact of the person on whom the tax is imposed. Achieving tax justice, and identifying the type of this tax, whether it is a personal or in-kind tax and its impact on those subject to it.
The symposium resulted in several recommendations, including taking into account the situation and the general conditions of the country, reducing pressure on landlords in order to mitigate the economic effects, and activating real estate investment, taking into account when imposing the conditions of the actual and not legal exploiter of the property in order to avoid the problems represented by transferring the tax burden from landlords to tenants, especially with the exacerbation of The housing crisis, we call on the Iraqi legislator to reconsider the tax rate of the real estate tax, which was amended in haste, and distinguish between the property owned or exploited by a natural person or a legal person, or to remedy the differences between them as a result of the economic exploitation of the property.