Economy, Business And Markets

Iran Gov’t to Tax POS Transactions

Gov’t to Tax POS Transactions
Gov’t to Tax POS Transactions

The government will start levying taxes on business owners' transactions processed through point-of-sale devices to combat tax evasion, the head of Iran National Tax Administration announced. 
"Considering the need to organize POS devices active inside and outside Iran and create a framework for them to prevent tax evasion and reduce dubious bank transactions, a coalition has been formed with the participation of CBI, the Ministry of Information and Communications Technology, law enforcement agencies and INTA to establish a clear system and software for banks' POS devices," Seyyed Kamel Taqavinejad also told IBENA on Saturday.


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