EghtesadOnline: The Institute for Trade Studies and Research, affiliated to the Ministry of Industries, Mining and Trade, has published a report in which the research body recommended property tax as a lesser-used strategy to end the protracted slump in the housing sector.
EghtesadOnline: Manufacturing and mining businesses are eligible for tax holidays for five to 10 years as part of incentives to shore up investment in these sectors, the head of Iranian National Tax Administration said.
EghtesadOnline: Minister of Economic Affairs and Finance Ali Tayyebnia said the least damaging way of financing government expenditure is taxation.
EghtesadOnline: The taxation policy of the Ministry of Economic Affairs and Finance has proven to be effective in reducing the dependency of Iran’s budget on oil revenues from 70% during the previous administration to less than 30%, Dolat.ir reported.
EghtesadOnline: The Iranian National Tax Administration collected 13 trillion rials ($342.1 million) from new taxpayers in the last Iranian year (March 2016-17), according to INTA’s chief, Seyyed Kamel Taqavinejad.
EghtesadOnline: The budget law of the upcoming fiscal year (March 2017-18) has projected 1,150 trillion rials ($30.59 billion) in tax and customs revenues.
EghtesadOnline: Over the past two years, as many as 4,200 gold and jewelry businesses have closed shops across the country, said a board member of Gold and Jewelry Employers’ Association of Tehran Province, Hossein Pendarvand.
EghtesadOnline: Legislators on Sunday extended the enforcement of value added tax for the upcoming fiscal year (starting March 21) and dropped the newly-proposed article narrowing the tax base to the final consumer.
EghtesadOnline: Chairman of Iranian National Tax Administration Seyyed Kamel Taqavinejad believes scuttling the value added tax and replacing it with consumption tax, as proposed by Majlis Joint Commission recently as part of the budget bill for the upcoming Iranian year (March 2017-18), would be a step backward for Iran’s taxation and fiscal systems.
EghtesadOnline: The Iranian National Tax Administration collected 720 trillion rials (over $19 billion) in tax during the 11 months to February 18, registering a 26% increase compared with the corresponding period of last year, according to INTA Chairman Kamel Taqavinejad.