Business And Markets

Upsurge in Tax on Stock Trade

Upsurge in Tax on Stock Trade  Upsurge in Tax on Stock Trade

The Iranian National Tax Administration reported 99 trillion rials ($380 million) in tax revenue from stock trade in the first six months of current fiscal year (March 20-Sept.21). 
Financial transaction tax (FTT), a tax on buying and selling a stock, bond, or other financial contract like options and derivatives, has grown remarkably accounting for 12% of the total, according to a report by the Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIM). 
Tax earning from stock trade recorded a whopping 880% growth in H1 compared to the corresponding period last year when it was 10.17 trillion rials ($41m), according to eghtesadonline. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment