Tax Revenues Grow by 45% to $1.8 Billion in Two Months

The Iranian National Tax Administration earned 886 trillion rials ($1.8 billion at the current exchange rate) in the first two months of the current fiscal year (started March 21), which indicate a 45% rise compared to tax revenues gained during the corresponding period of last year, says the new INTA chief. “Of the total sum, direct taxes accounted for 460 trillion rials [$963 million] and tax on goods and services, including the weighty value added tax, accounted for over 420 trillion rials [$880 million], which show a respective rise of 53% and 47% year-on-year,” Mohammad-Hadi Sobhanian was also quoted as saying by IRNA. He added that tax income reached 450 trillion rials ($942 million) in the second month of the year to register a 40% year-on-year rise, of which over 270 trillion ($565 million) constituted direct taxes and about 180 trillion ($377 million) were tax on goods and services, up by 60% and 40% respectively.