EghtesadOnline: As projected in the draft budget for fiscal 2020-21, the government has earmarked 50 trillion rials ($367 million) for upgrading the bus fleet.
EghtesadOnline: Iran Customs Administration has required all its offices to follow anti-money laundering regulations approved by the government last October.
EghtesadOnline: The government plans to offer its shares in Tabriz Oil Refining Company and two insurance firms, namely Alborz Insurance Company and Amin Reinsurance Company in the near future.
EghtesadOnline: The Iranian government is making more efforts to develop the technology ecosystem by overhauling unused infrastructures and repurposing them into workspaces.
EghtesadOnline: Despite earlier reports that the government would make tweaks in procedures involved in divesting residue of its stake in state companies, a notice by the Iranian Privatization Organization says otherwise.
EghtesadOnline: As projected in the draft budget bill for the fiscal 2020-21, the Iranian government has permitted municipalities to issue sukuk (Islamic bonds) to the tune of 50 trillion rials ($357 million) for expanding urban public transportation.
EghtesadOnline: The Majlis Joint Commission has decided that government employees who earn less than 360 million rials ($2,769) per year will be exempted from paying income tax as of the next Iranian year (starting March 20, 2020).
EghtesadOnline: Banks, companies and other organizations affiliated to the government must pay 57.8 trillion rials ($444 million) in tax in the coming fiscal year that starts in March 2020.
EghtesadOnline: The Tehran government’s protestations about fuel smuggling from the eastern and southern borders have become a permanent feature. So has the inability and unwillingness of those in charge to put an end to this wholesale corruption inflicting colossal economic loss for too many years.
EghtesadOnline: The government’s remaining stakes in six refineries is to be offered via a monolithic exchange-traded fund, according to a decision by an ad hoc committee in charge of divesting government property.