Q1 Tax Revenues Up 70% to $2.3b

The Iranian National Tax Administration earned 590 trillion rials ($2.37 billion) in the first quarter of the current fiscal year (March 21-June 21), registering a 70% growth compared with the same period of last year. 
The average goods and services Consumer Price Index in the year ending March 20, which marks the end of the fiscal 2020-21, increased by 36.4% year-on-year, the Statistical Center of Iran reported. 
According to Mohammad Masihi, a deputy head of INTA, the first quarter’s revenues from direct taxes and value added tax accounted for 330 trillion rials ($1.33 billion) and 260 trillion rials ($1.04 billion) of total earnings, respectively.