Tax on Stock Trade Declines Sharply

With the decline in number of deals and noticeable investor reluctance, income tax from share trade declined sharply in the first quarter of current fiscal year (March 21-June 21).
Also known as financial transaction tax, tax from stock deals stood at 9.312 trillion rials ($38 million) in the three months, barely a third of the amount in the corresponding period last year.
According to data published by the Central Securities Depository of Iran, tax on stock trade declined by more than 73% from over 35 trillion rials ($145m) in Q1 last year.