Rise in Tax Collection

The Iranian National Tax Administration collected 720 trillion rials (over $19 billion) in tax during the 11 months to February 18, registering a 26% increase compared with the corresponding period of last year, according to INTA Chairman Kamel Taqavinejad. “The figure meets 90% of the revenues we had projected for the current Iranian year (March 2016-17),” the official was quoted as saying by IRNA. The budget for the upcoming Iranian year (starting March 21, 2017) projects that the government will earn 1.13 quadrillion rials ($29.89 billion) from taxation, which is 21% more than the current year’s figure.