Tax incentives are bein considered for new companies that want to list on the stock market in the current fiscal year (March 2020-21).
The proposal was floated by the Ministry of Economy at the High Council of Economic Coordination- an ad hoc economic decision-making body comprising heads of three branches of power- and approved therein, according to Securities and Exchange News Agency.
Citing ministry officials, SENA reported that as per the decision the Iranian National Tax Administration will grant tax waivers to companies wanting to go public.
Potential listed companies will be accountable only for tax liabilities in the previous fiscal year (March 2019-20) and INTA will not delve into prior tax records.
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