Economy, Auto
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Iran Gov't Declares Auto Tax Earnings

The government collected $300 million from taxes on auto imports from March 20, 2016 to December 20, 2016. The government collected $300 million from taxes on auto imports from March 20, 2016 to December 20, 2016.

The Central Bank of Iran has released the government's income from taxes in the automotive sector for the nine-month period ending December 20, 2016.   

The data has been released by the CBI and is part of a more comprehensive chart on the government's public budget. 

In the nine-month period, the government earned 11.4 trillion rials ($300 million) from taxes on auto imports. This accounted for 1.7% of the total government budget, the Financial Tribune reports.  

The government had collected 5.3 trillion rials ($140 million) from the same source in Q3 the year before. A year-on-year comparison shows that the figure has grown almost 115%.  

Earlier it was reported that the treasury would generate 26 trillion rials ($685 million) in auto import taxes from March 20, 2016 to December 20, 2016. 

Vehicle Ownership Transfers 

In the nine-month period the government took 4.3 trillion rials ($113 million) for services related to the transfer of vehicle ownership, up 16.2% from last year's 3.7 billion rials ($97.3 million).  

This accounted for 0.7% of the total government budget during the nine months.  

In the budget for last year, the government had predicted that it would raise 5.6 trillion rials ($147.3 million) from this source. 

Registration Plates  

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It is reported that taxes on issuing number plates reached 6.8 trillion rials ($179 million) or 1% of the entire public budget. 

The figure showed 83.7% year-on-year increase; the amount was 3.7 trillion rials ($97.3 million) in the same period last year. 

The administration had said it expected to make 5.8 trillion rials ($152.6 million) through taxes on issuing number plates in the given period.

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