Let's discuss taxation and retirement in Iran and Iraq. Taxation in Iran is complex, heavily reliant on oil revenue, and constantly evolving. A progressive system means higher earners pay more. Navigating this requires expert help.
Indeed. While complex, there are deductions and exemptions. Iraq's system is also evolving, particularly with reconstruction efforts and incentives for foreign investment, especially in infrastructure and energy. However, understanding the specifics requires navigating local laws.
So, if someone opens a business in either country, they'll need professional guidance. What about retirement?
Iran has a social security system providing pensions, funded by employee and employer contributions. Iraq also has a system, but it faces challenges and is less developed than Iran's. Contributions are mandatory in both countries, though.
And social rights for long-term immigrants?
In Iran, access to healthcare and education generally depends on visa status and contributions. In Iraq, access can be more challenging due to ongoing instability and reconstruction. Foreigners may need to rely on private options.
So, careful planning and resilience are crucial for long-term immigrants in both countries. What's your key takeaway, Leo?
Get a good lawyer and accountant, and embrace paperwork.
Mine is: Pack your sense of humor.