Domestic Economy

Stricter Law for Tax Evasion

Stricter Law for Tax EvasionStricter Law for Tax Evasion

The head of Iran’s National Tax Administration said the new amendment to the tax law has introduced stricter punitive measures for tax evaders, FNA reported. Ali Asgari said based on the new regulations, tax evaders would face additional penalties such as seizure of their assets, blacklisting, and long-term financial restrictions in addition to criminal punishments. An increase in the number of tax evaders during the past few years has been blamed on high taxes, bloated bureaucracy, high inflation, and high rate of unemployment.