Luxury Homes, Cars to Be Taxed Next Year

People who own homes with a value of more than 100 billion rials ($763,358) and cars worth more than 10 billion rials ($76,355) will have to pay tax as of next fiscal year (starting March 20, 2020).
The announcement was made by Gholamreza Tajgardoun, chairman of Majlis Joint Commission, a parliamentary body responsible for reviewing the budget bill before its final ratification. 
“This has been proposed by the government as per the budget bill for the next year and the parliament has approved it as well,” he added.
Sales of 1 million barrels of oil have been projected by the government in the next fiscal year, however Tajgardoun said currently only 600,000 barrels of oil are being exported and the government will most likely run a budget deficit as big as 1,100 trillion rials ($8.39 billion) next year.