19788
Tax, Customs Revenue Have Lion's Share in Budget
Economy, Domestic Economy

Tax, Customs Revenue Have Lion's Share in Budget

The budget law for the current Iranian] year (started March 21) has projected 750,000 billion rials ($25.8 billion) and 130,000 billion rials ($4.48 billion) in tax and customs revenues respectively, while the share of oil income is estimated at 530,000 billion rials ($18.27 billion), said the head of Iranian National Tax Administration.
"A bigger share of tax income in the budget will help Iran move away from crude oil export," IRNA quoted Ali Asgari as saying on Tuesday.
For years successive governments have planned ways but failed to lessen overdependence on oil export earnings and prop up tax revenues as a primary source of income to run the affairs of 80 million Iranians. But easy access to high-powered money coming from the second largest oil and gas reserves in the world seem to have deterred decision and policy makers from pursuing this inevitable direction over the past decades.
Earlier on Monday, Asgari said as per new amendments to the tax law, tax evaders will henceforth face the full force of the law including criminal charges, fines and prison terms.
"Tax dodgers will also face social exclusion, which means they will be barred from serving on the board of any organization or as members of any association or the Parliament," he was quoted as saying.

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

You can also read ...

Central Bank of Iran Against Market Intervention
Central Bank of Iran's Governor Abdolnasser Hemmati said the...
New Forex Initiative Unable to Tip Scales
The new forex initiative has only managed to fix major policy...
VDMA Backs Iran Trade
Germany’s plastics and rubber machinery trade association,...
Tehran Shows 4th Biggest Upturn in Economist’s Livability Index
Tehran is one of the top five cities in the world to have...
Equity-Based Sukuk Return to Iran Capital Market
The government is set to clear part of its debt to Social...
Musk Bid for Tesla Still Murky
Tesla Inc’s board named a special committee of three directors...
Over €81m Worth of Airport Equipment Purchased  Post JCPOA
Iran Airports & Air Navigation Company, an arm of the...
Tehran Home Rents Up 26.7 Percent in Q1
The average price of renting a residential unit in Tehran...

Trending

Googleplus