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Iran taxes

  • EghtesadOnline: Budget deficit, the mismatch between the government’s spending commitments and what it is projected to earn in oil revenues, taxes and other sources of income, has been a way of life for Iranian governments for most years since the early 2000s.

  • EghtesadOnline: A total of 70 trillion rials ($1.5 billion) have been earned during the first eight months of the current fiscal (started March 21, 2017) from newly identified economic operators, the chairman of Majlis Economic Commission said.

  • EghtesadOnline: All payments and transactions pertaining to people’s bank accounts dating back to the beginning of the previous fiscal year in March 2016 will be disclosed to the Iranian National Tax Administration, the head of the Majlis Economic Commission announced.

  • EghtesadOnline: A prominent Iranian economist said tax revenues would become a dependable source of income for the country, if they increase to 12% of the gross domestic product in three to four years to reach 1,500 to 2,000 trillion rials ($37.5-50 billion) per annum.

  • EghtesadOnline: Head of the Iranian National Tax Administration Kamel Taqavi-Nejad said it’s perfectly legal for the administration to monitor banking transactions to prevent tax evasion.

  • EghtesadOnline: The Iranian National Tax Administration has collected 480 trillion rials ($12 billion) in tax and duties in the first half of the current Iranian year (March 21-Sept. 22), the INTA chairman said.

  • EghtesadOnline: T he government’s tax revenues once again exceeded its those from the exports of oil and petroleum products in the four months of the current fiscal year (March 21-July 22), in line with President Hassan Rouhani’s economic strategy to boost tax revenues.

  • EghtesadOnline: The outgoing Telecoms Minister Mahmoud Vaezi, has called for addressing the “unclear status” of taxing online businesses like the ride-hailing apps, Snapp and Tap30.

  • EghtesadOnline: Every week, press updates confirm the growing commercial interest of first class international groups in entering the Iranian market-whether it’s the US green light for export licenses to Airbus and Boeing, Renault’s joint venture, Peugeot’s extensive manufacturing contracts, or the return of major energy, oil and gas and infrastructure players to the market.

  • 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.