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The agreement, signed in Baghdad in the presence of Prime Minister Mohamed Shia Al-Sudani and Kurdish premier Masrour Barzani, was to be implemented 'today', a Kurdish regional government official said.
Legislative elections will take place in Iraqi Kurdistan on November 18, said Dilshad Shihab, spokesman for the regional presidency.
Oil revenues from Iraq's Kurdistan region will be under federal government supervision for the first time since 2002.
A helicopter crash in northern Iraq killed at least five people, including members of a rebel Kurdish group.
Iraqi PM Mohammed Shia Al-Sudani made his first visit to Iraqi Kurdistan on Tuesday, saying the regional government has shown real will and cooperation to resolve all disputed issues.
Parliamentary elections in the IKR were supposed to be held last year, but the elections were postponed following disagreements among the political parties over the current electoral law and the electoral commission.
Campaigns across northern Iraq are gathering donations for victims in Turkey.
The Jamshko camp in Iraq's Kurdistan region is home to hundreds of Yazidi families who were displaced after the Islamic State group began committing genocide against the religious minority in 2014.
A political battle is in full swing in Iraqi Kurdistan after Islamic parties claimed NGOs are corrupting the Kurdish youth through gender-based programmes. The division points towards a mistrust of Western-backed funders within the Islamic community.
Iraq's top court ruled out against the federal government in Baghdad sending payments to the Kurdistan Regional Government (KRG).