INTA Waives VAT for Commodity CD Deals 

The Iranian National Tax Administration (INTA) said value added tax will no longer be levied on commodity-linked certificates of deposit (CD) traded via the Iran Mercantile Exchange and Iran Energy Exchange. 
The long-demanded move is in line with efforts to expand financial instruments and facilitate commodity-based financial tools, INTA said as reported by the Securities and Exchange News Agency (SENA). 
Commodity CD is a security indicating ownership of the holder of a particular amount of a commodity supported by standard warehouse receipt issued by warehouses certified by the Securities and Exchange Organization (SEO), the capital market regulator.