Tehran stock market's turbocharged rally in recent weeks had many up on their feet and cheering for what seemed like a healthy growth compared to other parallel inflated markets.
Government officials were especially enthusiastic and now seem to be taking their support beyond mere rhetoric, by offering tax breaks on equity trade and exemption on raising capital.
The decisions were made during the recent meeting of the Supreme Council of Economic Coordination, attended by the heads of the three branches of power and headed by President Hassan Rouhani on Saturday.
July 09, 2018 18:49
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Iran: Tax Cut for Stock Trading, Exemption for Capital Increase
Financial transaction tax paid by the selling side on each equity trade will be cut from 0.5% to 0.1% for the next 12 months while capital raise will be exempt from income tax if companies funnel their retained earnings toward raising capital and use it f
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