Tax on POS Transactions Mandatory

The law to tax transactions conducted via point-of-sale (POS) machines will come into force from the next calendar month starting Jan. 20, the Central Bank of Iran vice governor for IT affairs said. 
Newcomers wanting to apply for POS or other payment gateways have to first file tax returns and those already own the payment instrument will be automatically eligible for tax, Mehran Maharamian said. 
He said the regulator will block the POS machines of those who fail to provide the Iranian National Tax Administration ID information needed to file tax returns, the CBI public relations office said.