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Revenues

  • EghtesadOnline: The parliamentary body responsible for reviewing the budget bill, the Majlis Joint Commission, has approved the pooling of next year’s revenues gained from the implementation of the Targeted Subsidies Law of 2010 and those earned from raising gasoline price since mid-November 2019.

  • EghtesadOnline: In the Iranian years ending March 2018 and March 2019, the Health Ministry did not receive a penny of its 50% share in cigarette tax revenues, the head of the National Tobacco Control Secretariat of the ministry said.

  • EghtesadOnline: Director of Iranian National Tax Administration Omid Ali Parsa says the government’s tax revenues reached 890 trillion rials ($7.09 billion) during the first eight months of the current Iranian year (started March 21).

  • EghtesadOnline: Since the government got the ball rolling on gasoline price reform on Nov. 15, by rationing and raising the price of fuel by at least 50%, officials such as Oil Minister Bijan Namdar Zanganeh have declared that revenues earned from the new fuel price hike, in their entirety, would be redistributed among the people.

  • EghtesadOnline: Economy Minister Farhad Dejpasand said taxing bank account earnings is not on the agenda and denied rumors that the government may do so as part of its efforts to increase non-oil revenues.

  • EghtesadOnline: Tehran Municipality has announced that revenues earned from traffic and air pollution schemes underway in the capital city of Tehran are being spent on expanding the city's urban transportation system.

  • EghtesadOnline: The 11th Tehran Auction, which presented Iranian artworks on July 5, grossed 422.04 billion rials ($3.24 million), registering a 23% growth compared with the previous round.

  • EghtesadOnline: French automotive companies PSA Group and Renault have linked declines in their first-quarter revenues to their forced withdrawal from Iran under threat of US sanctions.

  • EghtesadOnline: The total operating revenues of Iran’s top 100 companies, based on their financial statements for the fiscal year that ended on March 20, 2018, stood at 5,670 trillion rials ($47.25 billion) to register a 24% increase compared with the year before.

  • EghtesadOnline: The research arm of the Majlis in a new assessment of next year's proposed budget, says government revenues predicted for fiscal 2019-20 are unlikely to materialize.