Domestic Economy

Mostazafan Foundation Paid $120m in Tax During 4 Yrs.

Mostazafan Foundation Paid $120m in Tax During 4 Yrs.
Mostazafan Foundation Paid $120m in Tax During 4 Yrs.

The Islamic Revolution Mostazafan Foundation has paid 48 trillion rials (about $120 million) in taxes over four years ending March 2022, according to its deputy for planning affairs.
“The foundation paid 7 trillion rials [$17.5 million] in tax in the fiscal 2018-19, 10 trillion rials [$25 million] in 2019-20, 1.8 trillion rials [$45 million] in 2020-21 and 1.3 trillion rials [$3.25 million] in 2021-22,” Majid Bajelan was also quoted as saying by IRNA. 
“Last year, our taxes declined because of the rise in exports of our products which, according to the law, were exempt from tax,” he added.
Locally known as Bonyad-e Mostazafan (Foundation of the Oppressed in Persian), the organization was founded in 1979 upon the decree of the late leader of the Islamic Revolution, Ayatollah Rouhollah Khomeini, as a charitable entity with the mission of eradicating poverty.
Mostazafan has grown over the years to become one of the biggest conglomerates in Iran with a vast reach in many economic sectors, including shipping, tourism, transportation, farming, hotels, commercial services, construction of dams and towers, and production of tiles, chemicals, tires, foodstuff, metals, petrochemicals, construction materials, textile and glass products.
As of 2018, the foundation had 11 holdings, 160 affiliated companies and 40,000 employees. 
Dozens of its subsidiary companies were merged, ceded or dissolved to streamline the organization in recent years. 
Mohammad Saeedikia, the former head of the foundation, has been quoted as saying that Mostazafan accounts for 1.5% of Iran’s gross domestic product. 

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