13554
VAT Set at 9%
Economy, Domestic Economy

VAT Set at 9%

The Iranian National Tax Administration (INTA) on Wednesday announced the rate of value-added tax (VAT) in the upcoming Iranian year (starting March 21) at 9 percent, including 6 percent towards taxes and 3 percent towards municipal charges, IRNA reported. The announcement is in accordance with Clause 2 of Article 117 of the Fifth five-year Economic Development Plan (2011-2016), which stipulates that the government is required to increase VAT by one percentage point annually as of the first year of the program’s implementation, deputy director of INTA, Alireza Taari explained. Earlier, head of Iran’s National Tax Administration (INTA), Ali Asgari said 96% of the tax revenues anticipated for the current Iranian year have been collected so far, and 750 trillion rials ($27.07 billion at official exchange rates) in tax revenues is anticipated for the upcoming Iranian year.

Short URL : http://goo.gl/o7BNMa

You can also read ...

Alibaba Acquires Chipmaker C-SKY Microsystems
Chinese e-commerce firm Alibaba Group Holding Ltd has acquired...
Flat Steel Import Slows on Currency Rate Issues
Flat steel import trade in Iran has been almost non-existent...
Over 9.7 billion shares valued at $498.4 million were traded on TSE during last month.
Coming out of a relatively good year, Tehran stocks had a...
Revised Rules for Private Bank Ownership Ratified
Lawmakers have revised regulations for the ownership of non-...
Passing Judgment on Forex Decision Premature
It is too soon to pass judgment on the administration’s...
Elecomp 2018 to Open in July
Iran ICT Guild Organization has announced the dates for the...
Rail freight transportation stood at a record high of 46 million tons during March 2017-18.
Around 24.45 million passengers were transported by Iran’s...
50 Female Pilots Apply to Join Iran Air
About 50 female pilots are to take part in Iran Air’s upcoming...

Trending

Googleplus