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INTA Unveils New Income Tax Rates, Exemptions

INTA Unveils New Income Tax Rates, Exemptions
INTA Unveils New Income Tax Rates, Exemptions

Government employees and private sector workers who earn 480 million rials ($2,042) annually or 40 million rials ($170) monthly or less will be exempted from income tax in the current fiscal year (March 2021-22). 
According to a directive notified to the country’s tax offices by Mahmoud Alizadeh, an official with the Iranian National Tax Administration, the following progressive tax rates will be applied to the total taxable income of public and private sector employees (except academics and judges):
* An income tax rate of 10% on remuneration in excess of 480 million rials to 960 million rials ($4,085) annually

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