Domestic Economy

Tax Revenues in Next Fiscal Budget Overestimated

Tax Revenues in Next Fiscal Budget OverestimatedTax Revenues in Next Fiscal Budget Overestimated

A senior official believes that the government has overestimated its next year’s revenues from reducing tax breaks, curbing tax evasion and levying wealth tax. 
Ebrahim Bahadorani, the top advisor to the president of Tehran Chamber of Commerce Industries, Mines and Agriculture, also supported thecc parliamentarians’ opposition to the amended version of the next year’s [March 2020-21] budget bill. 
“But if that’s just a politically-motivated vote, the private sector won’t see any benefit either,” he said. 
Last Monday, the Iranian Parliament, also known as Majlis, rejected the outlines of the upcoming fiscal year's (starting March 20) budget bill and returned it to the Majlis Joint Commission for revision—a parliamentary body responsible for reviewing the budget bill as well as five-year development plans proposed by the government before it is put to a parliamentary vote. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment