EghtesadOnline: The government will submit a new budget bill to the Iranian Parliament.
EghtesadOnline: Majlis Joint Commission, a parliamentary body responsible for reviewing the budget bill as well as the five-year economic development plans, has put forth a bill that would reduce tax on production from 25% to 20%.
EghtesadOnline: The Iranian Parliament’s proposal for “supply of essential goods to households” was approved on Wednesday.
EghtesadOnline: The Majlis passed a bill Monday to change the monetary unit from rail to the popularly used ‘toman’.
EghtesadOnline: Bankers prefer the Central Bank of Iran take charge of a long-awaited plan for reforming the outdated banking sector. The call was made in a recent letter to Majlis Speaker Ali Larijani following ratification of the “Comprehensive Islamic Banking Bill” earlier this month.
EghtesadOnline: The Ministry of Economic Affairs and Finance will prepare a preliminary draft of personal income tax bill by Jan. 10, a deputy economy minister said.
EghtesadOnline: The parliament approved the general outlines of a bill that aims to increase transparency in election campaign financing ahead of the 11th round of Majlis elections due to be held on Feb. 21, 2020.
EghtesadOnline: The Guardians Council–a watchdog body that ensures laws are in line with the Iranian Constitution and the Islamic law–has found the parliament-approved bill on establishing a Commerce Ministry to be against articles 85 and 133 of the Iranian Constitution and sent it back to Majlis for reconsideration, Abbasali Kadkhodaei, the council’s spokesman, was quoted as saying by Otaghiranonline.ir.
EghtesadOnline: Economic analysts and businesspeople have time and again called for reforming Iran’s decades-old Trade Law. However, they also strongly disapprove of legislators’ ongoing rush to pass the new reform bill.
EghtesadOnline: Parliament voted for a bill on Tuesday based on which compound interest on bank loans that matured by the end of last fiscal year (March 20, 2019) would be eliminated and debtors given until mid-February 2020 to repay their dues.