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Tax

  • EghtesadOnline: The decision to tax bank deposits of legal entities may force investment funds in the capital market to change track in their asset portfolios, Mohsen Khodabakhsh, the vice chairman of board of directors of the Securities and Exchange Organization said Monday.

  • EghtesadOnline: As per the Iranian National Tax Administration’s data, the tobacco industry paid a total of 61 trillion rials ($230 million) in taxes over the 11 months ending Feb. 19, which accounts for 3% of the government’s total tax revenues during the period, says chairman of Tobacco Products Importers and Exporters Association.

  • EghtesadOnline: The Iran National Tax Administration announced tax exemptions for businesses that register their POS terminals before February 21.

  • EghtesadOnline: The government’s projected income from tax on stock trade has declined by a massive 40% in the 2022-23 draft budget.

  • EghtesadOnline: The government expects to earn 5,270 trillion rials ($17.5 billion) in tax revenues in the next fiscal year (March 2022-23).

  • EghtesadOnline: Insurance companies are required to collect 5 trillion rials ($16.6 million) from third-party auto insurance policies in the next fiscal year.

  • EghtesadOnline: This week’s decision by the government to tax forex trade does not include people who buy currency for personal needs, a deputy head at the Iranian National Tax Administration said.

  • EghtesadOnline: Revenues from departure tax, which is a subcategory of tax on goods and services of indirect taxes, stood at 1.84 trillion rials ($6.6 million) over the first four months of the current fiscal year (March 21-July 22).

  • EghtesadOnline: The payment regulator has suspended services to three million POS terminals and online payment gateways after the users failed to abide by tax rules required by the Iranian National Tax Administration.

  • EghtesadOnline: The Iranian National Tax Administration has prepared a draft proposal for taxing cryptocurrency exchanges and called on the relevant regulatory bodies to pave the way for legalizing the crypto exchanges.