Domestic Economy

Gov’t Rolls Out Financial Support as Lockdown Starts

Only businesses categorized as Group I, including bakeries, supermarkets, grocery stores, car repair shops, chain stores, health and treatment centers, pharmacies and print shops, are allowed to operate during the two-week lockdown
Gov’t Rolls Out Financial Support as Lockdown StartsGov’t Rolls Out Financial Support as Lockdown Starts

A number of financial support plans, including tax relief measures, have been introduced to alleviate the impacts of the new round of coronavirus lockdown for businesses. 
“The procedure for the payment of direct tax will be suspended until Feb. 18, 2021, and those applying for business licenses or their renewals won’t be required to submit their tax return documents,” Vice President for Economic Affairs Mohammad Nahavandian said on Saturday. 
“Third, the due dates for the submission of value added tax declarations concerning the third and fourth quarters of the current Iranian year [started March 20] have been extended for one month,” he was quoted as saying by IRIB News. 


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