
At a Glance
In a statement, sources confirmed that Iraq's customs revenue surged to historic highs during the initial seven months of the year, driven by comprehensive digitalization initiatives across national border crossings.
Key Statements and Focus Area
The revenue surge reflects a steady upward trajectory over recent years, growing from 1 trillion dinars in 2023 and 2 trillion dinars in 2024 to the current milestone. By streamlining tax collection and securing trade routes through automated customs procedures, federal authorities aim to strengthen non-oil state revenues and enhance financial transparency across all commercial entry points.
FYI
The ASYCUDA (Automated System for Customs Data) system is a computerized customs management system developed by the United Nations Conference on Trade and Development (UNCTAD). It covers most foreign trade procedures, handles manifests and customs declarations, and computes duties and taxes while generating trade data statistics to improve fiscal governance.
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