34078
Businesses Make Up 6% of Tax Revenues
Economy, Domestic Economy

Businesses Make Up 6% of Tax Revenues

The government makes a paltry 6% of its tax revenues from private businesses, says chief of the Iranian National Tax Administration, Seyyed Kamel Taqavinejad.  The official added that INTA is planning to offer extensive tax incentives, including a recently announced cut to income taxes, to ease pressure off some taxpayers. The organization is killing two birds with one stone by offering tax breaks. On the one hand, it is helping revive business activity, while the tax breaks will also encourage underground businesses to join the ranks of taxpayers.  According to Taqavinejad, INTA is pursuing a campaign against tax evasion and fraud, with the help of the judiciary and the Intelligence Ministry.  “The government will raise 750 trillion rials ($20.3 billion at Market exchange rate) in tax revenues during the 2016-17 fiscal year starting March 20. The figure will constitute 35% of the government’s income and 5% of gross domestic product,” he added.

 

Short URL : http://goo.gl/Yz1eml
  1. http://goo.gl/tUK9LP
  • http://goo.gl/UCeGEq
  • http://goo.gl/uMg6I6

You can also read ...

Forex Rates Jump After Gov’t Stops Cheap Currency Allocation
Foreign exchange rates in the unofficial market registered...
Int’l Airlines’ Presence in Iran Boosted After JCPOA
A total of 51 foreign airlines are now operating in Iran, up...
Facebook Lures Google Engineer to Head Its Own Chip Development
Facebook Inc. has sent another signal that it is serious about...
US Confiscates 500 Iranian Bitcoins
The US federal government confiscated at least 500 Bitcoins...
Export Billet Prices Increase on Reduced Availability
Iranian export billet prices increased by $5-10 per ton over...
New MacBook Features Dust-Repelling Keyboard
Apple’s new MacBook Pro keyboards are slightly quieter than...
Platform to Promote FATA-IFA Interactions
A new platform has been launched to facilitate interactions...
Tehran to Host Startup Week
Attended by fintechs and startups, Tehran is to host a week-...

Trending

Googleplus