Customs introduces new import transfer system
The Iraqi General Customs Authority has announced a new mechanism for financial transfers related to the import of goods. This system ensures the prior implementation of a graphical system and the electronic payment of customs duties and taxes through the ASEKODA system. This mechanism will be implemented starting October 1, 2026, and includes procedures for transfers from bank balances or enhanced balances via the Central Bank. Additionally, a new import system without external transfers has been introduced, which includes adding a field for declaring the source of funds, along with monitoring the verification process and linking it to the prior declaration. In cases of incomplete or rejected transfers, pre-paid fees will be processed through electronic procedures. Banks are responsible for verifying the data and tracking the transactions.
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