Business And Markets

Iran's GOV'T Records Leap in Tax From Share Market

The government generated 179.89 trillion ($813 million) in tax on stock trade in the previous fiscal year (March 2020-21) – a fair enough improvement given the deep downturn in the second half of the year.
Data released by the Central Securities Depositary of Iran, the capital market clearing house, show the tax income jumped 445% compared to the 33 trillion rials ($150m) a year earlier.
Known as financial transaction tax (FTT), tax on stock is levied on buying and selling a shares, bonds and financial contracts like options and derivatives.


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