dijlahpoint - A parliamentary member revealed that around thirty-nine major companies operating within oil licensing rounds have not been fully subjected to tax auditing, estimating the wasted funds at approximately 400 billion Iraqi dinars. Contracts signed with these companies stipulate a specific percentage payment from profits, but current estimation-based mechanisms have led to heavy financial losses due to discrepancies between actual and estimated profits. Data showed that several companies were never audited, raising concerns regarding regulatory oversight and sovereign dues, prompting official inquiries to ensure the recovery of due revenues.