EghtesadOnline: To help bolster government efforts to modernize the ageing tax regime, banks have been ordered to send data on the financial transactions of tax payers to the Iranian National Tax Administration, head of INTA’s Tax Inspection Department said.
EghtesadOnline: The planned privatization of Iran's two major football clubs, namely Persepolis and Esteghlal, is unlikely to be concluded in the current Iranian year (March 2019-2020), amid impediments to reforms in the clubs’ structure and problems related to their financial statements, the head of Iranian Privatization Organization says.
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: More than a month has passed since the July 22 deadline set for Iran’s banks and credit institutions to finalize their financial statements and hold their annual general meetings, but only a handful have managed this feat.
EghtesadOnline: The new CEO of Tejarat Bank has announced that the privatized bank’s new policies are aimed at improving its financial statements.
EghtesadOnline: The brouhaha surrounding the condition of Iranian banks is valid, as the crisis has been brewing for a long time. Oddly, what has now unfolded due to years of regulatory neglect and mismanagement by lenders has been blamed on an overhaul of the banks’ financial statements ordered by the Central Bank of Iran.