14340
VAT Rises  to 9%
Economy, Domestic Economy

VAT Rises to 9%

Deputy director of the Iranian National Tax Administration (INTA), Alireza Taari, has confirmed that the rate of value-added tax (VAT) through the current Iranian calendar year (started March 21) has increased to 9 percent, IRNA reported. The increase from 8 percent last year is in accordance with Clause 2 of Article 117 of the Fifth Five-Year Economic Development Plan (2011-2016), which stipulates that the government increase VAT by one percentage point annually as of the first year of the program’s implementation. Earlier, head of Iran’s National Tax Administration (INTA), Ali Asgari said 96% of the tax revenues anticipated for the past Iranian year had been collected, and that 750 trillion rials ($27.07 billion at official exchange rates) in tax revenues is anticipated for the current Iranian year.

Short URL : http://goo.gl/h4SdJ2

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...
Iranian Exports to Nigeria Up 69%
Iran exported close to $3 million worth of goods to Nigeria...
Geely Introduces 'Volvo Sibling' in Iran FTZs
Geelran Motor, an importer of China’s Geely vehicles in Iran,...
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...
200,000 Marriage Loans in 24 Days
A total of 11 agent banks have allocated 200,000 marriage...
Qeshm Cement Company to Start Exports to Mozambique
Qeshm Cement Company has readied its first consignment of...

Trending

Googleplus