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Tax

  • EghtesadOnline: Visible inequality in income distribution aside, Iran’s economy is saddled with an unfair tax system that has made the realization of economic justice more elusive than ever.

  • EghtesadOnline: The government earned 510 trillion rials ($1.73 billion) in tax revenues during the first quarter of the current fiscal year (March 20-June 20), which indicates a 111% increase compared with the corresponding period of last year.

  • EghtesadOnline: Tax revenues to government public budget resources increased from 35.1% in the year ending March 2019 to 37.5% in the year ending March 2020, as tax revenues to current expenditure ratio also improved from 2.45% to 8.47% during the fiscal 2019-20.

  • EghtesadOnline: The export of potatoes has been exempted from tax and customs duties by the Ministry of Industries, Mining and Trade.

  • EghtesadOnline: A 4-5% decline in the production sector’s tax rates has been envisioned in the next fiscal year's budget (March 2021-22).

  • EghtesadOnline: A 4-5% decline in the production sector’s tax rates has been envisioned in the next fiscal year's budget (March 2021-22).

  • EghtesadOnline: President Hassan Rouhani has asked the Ministry of Economic Affairs and Finance to implement the legislation on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to income tax between India and Iran, Mehr News Agency reported

  • EghtesadOnline: The Guardians Council—a watchdog that ensures laws are in line with the Iranian Constitution and Islamic law—has approved the parliament’s bill on exemption of value added tax on services offered by mid-level lodging properties, including three-star and lower-rated guesthouses, apartment hotels as well as travel agencies offering Iran tours to foreigners that have secured permits from Iran’s Cultural Heritage, Handicrafts and Tourism Ministry, or related guilds.

  • EghtesadOnline: The Iranian National Tax Administration announced tax brackets on buyers of gold coins in the last fiscal year (March 2019-20).

  • EghtesadOnline: Iranian parliamentarians approved revisions to Article 54 of Direct Tax Code on Wednesday, which would make several changes to vacancy tax with the aim of returning empty properties to use as rental homes for people.