8968
Parliament Against Tax-Exempt  Export of Raw Minerals
Economy, Business And Markets

Parliament Against Tax-Exempt Export of Raw Minerals

The head of the Parliamentary Committee on Mines, Dariush Esmaeili has called for the removal of tax exemption on export of raw minerals in a bid to boost domestic production.
“The administration levies tax on the raw mineral supplied to the domestic manufacturers while the material’s export is tax-free,” Eghtesadnews quoted him as saying.
The official said the mines committee aims to eliminate tax exemption on all raw mineral exports, adding that a special parliamentary committee had earlier proposed eliminating tax exemption only on the raw minerals in excess of the domestic processing capacity.
Meanwhile, some experts believe the elimination of tax exemption on the products would lead to higher unemployment in the mining sector since many mines, unable to export their products, would be forced to shut down.
The majority of parliament members are strongly against the export of raw minerals such as the iron ore.
They argue that while Iran imports large quantities of steel every year, the exported iron ores could be used domestically to boost the steel production.

Short URL : http://goo.gl/VNV8zS

You can also read ...

European Gov’ts Exploring Financial Channels for Iran
The French, British and German governments have told Iran they...
EU to Protect Firms in Iran Following US Refusal to Grant Waivers
EU countries on Monday gave European firms legal cover to...
$312m Paid in Travel Currency in 3 Months
A total of $312 million were allocated by the Central Bank of...
Biggest Privatization Bid of the Year Set for July 31
Iranian Privatization Organization is scheduled to stage the...
Cuba Rolling  Out Mobile Internet Services
Cuba has started providing Internet on the mobile phones of...
Tehran Hosting International Biology Olympiad
Gifted students from 70 countries across the world have...
Iran, Ghana Sign Capital Market Deal
Capital market authorities from Iran and Ghana signed a...
IMIDRO Outlines Q1 Downstream, Upstream Steel Performance
A total of 11.22 million tons of iron ore concentrate was...

Trending

Googleplus