Cigarette Tax Revenues Rise 59%

The government earned 1.4 trillion rials ($15.21 million) from cigarette tax in the first quarter of the current fiscal year (March 21-June 21). The figure indicates a rise of 59.3% compared with the same period of last year, latest data released by the Central Bank of Iran showed. Revenues from cigarette tax, which is a subcategory of tax on goods and services of indirect taxes, were estimated to hover around 1.3 trillion rials ($14.13 million) in the three-month period. The target set in the budget law for current year’s revenues from cigarette tax is 5.3 trillion rials ($57.6 million).