Steep Decline in Tax on Stock Trade

The bearish trend in the last fiscal year that ended on March 20 hurt government tax revenue as share trade dropped substantially. 
Unlike the spectacular performance a year before, the government generated 53 trillion rials ($196 million) in taxes last year – down 70% y/y according to data published by the Central Securities Depository of Iran.
In the preceding year, the government reported 179.89 trillion ($670m) in tax on stock trade amid unprecedented boom in the bourse in the first half of the year -- a historic 445% annual growth.