The Iraqi Council of Ministers approved the negotiation and signing of an income and capital tax treaty with Bulgaria on 1 October 2024.

The council has authorised the Director General of the General Commission for Taxes to initiate discussions on the treaty. Additionally, Finance Minister Taif Sami Mohammed has been authorised to finalise and sign the agreement once negotiations are complete.

Any resulting agreement would be the first of its kind between the two nations and must be signed and ratified before it can take effect.