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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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