Domestic Economy
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Taxes Earn $8.6b in 8 Months

The government aims to increase the share of taxes and reduce the share of oil revenues in the public budget as the latter is earmarked for development projects and not general budget expenditures
Taxes Earn $8.6b in 8 Months
Taxes Earn $8.6b in 8 Months

The government earned 3,100 trillion rials ($8.61 billion) from tax in the first eight months of the current fiscal year (March 21-Nov. 21).
From the total tax income, direct taxes stood at 1,940 trillion rials ($5.38 billion) and tax on goods and services reached 1,160 trillion rials ($3.22 billion), IRNA reported.
From the total direct taxes, tax on legal entities amounted to 1,270 trillion rials ($3.52 billion), income tax 554 trillion rials ($1.53 billion) and capital tax 114 trillion rials ($316 million).
The report noted that the fiscal 2021-22 registered 3,250 trillion rials ($9 billion) in income tax, which figure stood at 2,070 trillion rials (5.75 billion) the year before.

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