EghtesadOnline: With the country going through its fourth currency crisis and multiple increases in the prices of assets compared with the beginning of the 2010s, which saw the onset of sanctions, perhaps the introduction of CGT is not unexpected.
Eghtesadonline: If approved by the parliament, buyers of homes and plots of land with residential use have to pay 60% of the profit from the price increase to the government as tax if they sell their properties within the first year of ownership.
EghtesadOnline: A significant part of the 50% rise in tax income owes to high inflation, which is expected to remain above 40%
EghtesdaOnline: The government has earned 14.13 trillion rials ($37 million) from departure tax in the first eight months of the current Iranian year (March 21-Nov. 21).
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.