Iran’s Economy Suffers From Low Tax-to-GDP Ratio in Q1

The tax-to-GDP ratio stood at 4.2% in the first quarter of the current fiscal year (March 21-June 21), indicating a 2.4% decline compared with the corresponding quarter of last year, Tehran Chamber of Commerce, Industries, Mines and Agriculture reported, citing the Treasury.  
Tax revenue during the first half of the current Iranian year (March 21-Sept. 22) totaled 1,390 trillion rials ($4.87 billion), indicating a 62.5% year-on-year decrease due to the imposition of Covid-19 restrictions and repeated shutdowns, the report added.
Despite the significant rise, the share of tax in the country’s gross domestic product stood at 3.8% and the share of tax in the budget hovered around 31%.