Economy, Business And Markets

50% Tax Break for Foreign Investors

50% Tax Break for Foreign Investors50% Tax Break for Foreign Investors

Foreign companies that set up factories in Iran and export at least 20% of their products will be exempt from paying half of their corporate taxes for five years, says a deputy head of Trade Promotion Organization of Iran.

“Iran is the biggest market of intermediate goods in the Middle East and has access to the 300-milion market of the neighboring countries, particularly those of Eurasia. Investors can avail themselves of this opportunity and choose Iran as their export hub,” Mehr News Agency quoted Sadeq Ziaei Bigdeli as saying on Saturday.