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.
EghtesadOnline: To streamline tax regime and improve collections, the Central Bank of Iran says about 8.5 million point-of-sale terminals and payment gateways are now connected to electronic portals of the Iranian National Tax Administration (INTA).
EghtesadOnline: The aggregate volume of tax evasion and tax avoidance in Iran stands at 1,000 trillion rials ($4 billion) per year, the head of the Iranian National Tax Administration said.
EghtesadOnline: The Iranian National Tax Administration earned 590 trillion rials ($2.37 billion) in the first quarter of the current fiscal year (March 21-June 21), registering a 70% growth compared with the same period of last year.
EghtesadOnline: Iranian lawmakers approved the outlines of capital gains tax bill on Wednesday with 132 votes in favor, 60 votes against and eight abstentions.
EghtesadOnline: Revenues collected from the taxation of empty homes will be injected in the National Housing Fund to be extended as loans to low-income households.
EghtesadOnline: A total of 1,925 trillion rials ($7.62 billion) in tax were collected in the last fiscal year (March 2020-21), indicating a 37% increase compared with the year before.
EghtesadOnline: Finding new tax bases is one of the parliament’s key tools to tackle budget deficit in the next fiscal year (starting March 21).
EghtesadOnline: Zero percent tax on goods and services export will only be extended on condition that traders fully repatriate their export proceeds between March 2019-21 as per the regulations set by the Central Bank of Iran.