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Some Hope for Fair, Effective Tax System

With the latest measures, bank accounts connected to the POS terminals are considered business accounts and money going into such accounts are regarded as taxable income
Some Hope for Fair, Effective Tax System
Some Hope for Fair, Effective Tax System

An estimated 9.3 million POS terminals are so far linked to the tax department, head of the Iranian National Tax Administration (INTA) said.
“This came after two years of collaboration between INTA, the Central Bank of Iran and e-payment systems. The payment gateway and taxpayer system regulation came into effect last year through which close to 18.7 million POS terminals were identified. 
The rest will be connected progressively,” Davoud Manzour was quoted by the news portal of Iran Chamber of Commerce, Industries, Mines and Agriculture as saying.
This, he noted, is the first step in effectively improving the tax system and when it covers all economic and financial activity there will be no need for (filing) tax returns.

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