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Fiscal 2021-2 Budget Bill Projects $9.6b in Tax Revenues

Fiscal 2021-2 Budget Bill Projects $9.6b in Tax Revenues
Fiscal 2021-2 Budget Bill Projects $9.6b in Tax Revenues

Total tax earnings in the fiscal 2021-22 budget bill have been set at 2,515 trillion rials ($9.67 billion).
These include 591 trillion rials ($2.27 billion) from tax on legal entities, 491 trillion rials ($1.88 billion) from income tax, 238 trillion rials ($915 million) from wealth tax, 235 trillion rials ($903 million) from tax on imports and 957 trillion rials ($3.68 billion) from tax on goods and services. 
Vice President for Parliamentary Affairs Hosseinali Amiri submitted the budget bill for the next fiscal year (March 2021-22) to the parliament last week. 
In the next fiscal year (starting March 21, 2021), the operating budget (including revenues derived mainly from taxation and exports at the disposal of the government) has been projected to reach 8,413 trillion rials ($32.35 billion at the market exchange rate of 260,000 rials per dollar). 

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