Bonds, CDs Not Taxable  

The Iranian National Tax Administration (INTA) said income from investment in bonds and certificates of deposit (CDs) is taxable only for legal entity investors.
In a bylaw INTA said the decision is based on provisions of the Direct Act Tax, as per which investment funds are exempt from income tax on securities, IRIB news website reported.
The bylaw sheds light on the ambiguity surrounding a budgetary decision, which requires institutional investors to pay tax on interest they receive on bank deposits.