Our Services

At Akkad Consulting, we deliver a comprehensive suite of expert tax and
management consultancy solutions tailored to support businesses navigating the
Iraqi market. We are dedicated to ensuring your company achieves compliance with
local regulations while optimizing financial performance.
We offer specialized advisory services for a range of industries, including oil and
gas services, EPC contracts, LLI and supply contracts, manpower contracts,
pharmaceutical contracts, and specialized support for suppliers and vendors,
addressing the regulatory challenges of non-resident vendor operations.

1. Corporate Income Tax (CIT)

We provide comprehensive CIT services, including:

• Corporate Tax Registration – Assisting with tax registration at the General
  Commission of Taxes (GCT).
• Tax Return Preparation & Filing – Preparing and filing corporate tax returns
  in compliance with regulations.
• Financial Statements Review – Analyzing financial statements to optimize
  tax positions.
• Tax Assessment Support – Assisting with the tax assessment process and
  liaising with authorities.
• Tax Payment & Credit Offset – Facilitating tax payments and managing
  credit offsets.
• Tax Clearance Certificate – Assisting in obtaining the official tax clearance
  (non-objection) letter.

2. Employment Tax & Social Security

We offer efficient and reliable management of all aspects of employment tax and
social security obligations, including:

• Employment Tax Registration – Assisting with registration under the
  Employment Tax Division.
• Payroll and Employment Tax Compliance – Computing payroll taxes,
  including social security contributions, ensuring compliance with local
  regulations.
• Remuneration Structuring for Tax Efficiency – Reviewing allowances and
  salary components to optimize tax liabilities.
• Preparation of Monthly Tax and Social Security Filings – Completing
  required forms accurately and in compliance with local laws.
• Timely Submission and Compliance Management – Ensuring timely
  submission of tax and social security filings and obtaining official receipts.
• Annual Tax Reconciliation – Conducting a comprehensive review for annual tax calculation and preparing forms in accordance with legal requirements.
• Annual Filing & Tax Assessment – Submitting annual tax forms and assisting in obtaining the official tax assessment.

3. Withholding Tax (WHT)

Our services include:

• Withholding Tax Returns – Preparing and submitting withholding tax returns
  in compliance with regulations.
• Contract Review & Rate Application – Conducting comprehensive contract
  reviews to ensure correct tax rate application.
• Offset Administration – Managing effective tax offset procedures to optimize
  liabilities.
• Tax Credit Monitoring – Tracking and managing tax credit balances to
  ensure accuracy and compliance.

4. Tax Advisory Services

Our tax advisory services provide tailored solutions that combine deep legislative
expertise with practical application. We assist businesses in structuring operations
for optimal corporate income tax efficiency, reviewing contracts to ensure the best
tax position, and advising on employment tax compliance.

Additionally, we provide guidance on deductible expenses, proper tax booking, and regulatory changes to help businesses navigate their tax obligations with confidence.