Iran Tax Revenues Rise 31% to $8.9b

Tax revenues increased by 31% in the last fiscal year (March 2019-20) compared with the year before to reach 1,430 trillion rials ($8.93 billion), the head of the Iranian National Tax Administration says.
According to Omid Ali Parsa, the share of tax revenues in budget increased from 37% in the fiscal 2018-19 to 54% last year, Mehr News Agency reported.  
“The average growth in tax revenues over the past five years was 21%,” he said.
Parsa added that value added tax gains hit 250 trillion rials ($1.56 billion). 
Amid financial constraint, the government is counting on tax as a major source of revenue in the new fiscal year (started March 20). New forms of tax have been introduced to curb the widening deficit the government budget has long been suffering from.