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Tax Exemption for 3-Year Rental Agreements

Tax Exemption for 3-Year Rental Agreements Tax Exemption for 3-Year Rental Agreements

Landlords willing to sign three-year lease contracts will be granted exemption from vacancy tax and other slated tax measures concerning the housing sector, a senior official with the Ministry of Roads and Urban Development said. 
“What's more, landlords who offer their rental property for lease before Sept. 21 will be eligible for vacancy tax exemption,” Parvaneh Aslani was also quoted as saying by IRNA.   
According to the official, there is a strong possibility that the housing sale and rental markets would achieve equilibrium through these incentives. 
The Iranian Parliament voted for the outlines of an updated version of its own vacancy tax as per Article 54 of Direct Tax Code, which was approved in the Iranian year ending March 2016, as a way to increase the supply of housing for rent or sale as opposed to making capital investments. 
“Details of the proposal are expected to be discussed in the parliament this week,” Ehsan Khandouzi, a lawmaker, told Fars News Agency. 

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