1160
New Business Law
Economy, Domestic Economy

New Business Law

Parliament has passed a law which obliges businesses to provide all information in their trades and transactions including their unique economic code. Based on the law, the code is necessary for all contracts and invoices. Future transactions or contracts that do not display the economic code will face a punishment which could be as much as 2% of the amount of the signed contract. All the manufacturers, importers, exporters, and service providers are required to have a unique economic code once they register their office addresses. This will enable the country’s tax enforcement offices to trace all the transactions and contracts.  

 

Short URL : http://goo.gl/eJyyO9

You can also read ...

Bosch, Valeo Entering Iran Auto Parts Market
Ezam Automotive Parts Group is set to produce automobile parts...
Iran should not view Afghanistan only as a consumer market, if the two countries’ economic ties are to be strengthened.
A review of trade between Iran and Afghanistan over the past...
Geely Introduces 'Volvo Sibling' in Iran FTZs
Geelran Motor, an importer of China’s Geely vehicles in Iran,...
Iranian Exports to Nigeria Up 69%
Iran exported close to $3 million worth of goods to Nigeria...
Banking hurdles are slowing MAN’s return to Iran.
MAN Diesel & Turbo, a German multinational that produces...
Car Show Opens in Kermanshah
Kermanshah, a city in western Iran, is hosting the eighth...
Qeshm Cement Company to Start Exports to Mozambique
Qeshm Cement Company has readied its first consignment of...
200,000 Marriage Loans in 24 Days
A total of 11 agent banks have allocated 200,000 marriage...

Trending

Googleplus