Tax Policy - Fiscal Year 2026
Djibouti
Annual Tax-Expenditure Report
A METAC remote mission between June and September continued work on tax expenditures, aiming to help the authorities improve the annual tax-expenditure report to be annexed to the draft 2026 Budget bill, including updated information and a more precise assessment.
Iraq
Income Tax Law (June 19-July 25)
A remote joint METAC and IMF HQ mission reviewed the draft Income Tax Law (ITL) before submission to parliament. The mission recommended legislative changes and policy design options to strengthen revenue yields, equity, and the efficiency of Iraq’s income tax legislation. The mission worked primarily with the General Commission for Taxation and the Supreme Committee for the Implementation of Tax Reform.
Yemen
Review of the General Sales Tax
A mission during 13-17 September reviewed the general sales tax, the border crossing levies – including the advanced profit withholding tax payments – and the transactional withholding taxes. Discussions with representatives of the Ministry of Finance and the General Tax administration identified legislative changes and policy design options aimed at strengthening revenue collection and supporting tax policy objectives.
