EghtesadOnline: The due date for the submission of Value Added Tax returns concerning the fourth quarter of the last Iranian year (Dec. 22, 2019-March 19) has been extended to April 19, the deputy head of Iranian National Tax Administration said.
EghtesadOnline: The Iranian Parliament has approved on Tuesday the exemption of following goods and services from value added tax:
EghtesadOnline: Pundits and economic experts looking closely at the key insurance sector are prone to ask one question: Why should the insurance industry be exempt from value added tax as some quarters have been demanding?
EghtesadOnline: Annual production of gold in Iran has declined by two-thirds from 180 tons in the fiscal 2011-12 to 60 tons in 2016-17, mostly due to the 9% value added tax imposed on gold and jewelry sales and a change in people’s preferences, the head of Tehran Gold and Jewelry Union said.
EghtesadOnline: Jewelry shops across Tehran and Zanjan have pulled down their shutters for three days to protest the imposition of what they say is ‘high’ value added tax on their business. The 9% VAT comes at a time when the gold market is facing a prolonged slowdown in demand, says head of Zanjan Gold, Jewelry and Coin Union, Mohammad Safaie.