78633
Tehran Accounts for 42% of H1 Tax Revenues
Tehran Accounts for 42% of H1 Tax Revenues

Tehran Accounts for 42% of H1 Tax Revenues

Tehran Accounts for 42% of H1 Tax Revenues

Tax revenues collected from Tehran Province stood at 174 trillion rials ($4.14 billion) in the first half of the current year (March 21-Sept. 22, 2017), indicating a 42% rise compared with the same period of last year. This comes as Iran’s overall tax revenues during the period stood at 431.2 trillion rials ($10.26 billion), registering a 0.4% decline year-on-year.
As such, Tehran accounted for 40.3% of the overall tax proceeds in H1, up from last year’s same period of 28.2%, according to a report by Tehran Chamber of Commerce, Industries, Mines and Agriculture.
The report, which draws on Central Bank of Iran data as well was those by Tehran Tax Administration shows main factor stimulating the rise in Tehran’s tax revenues in H1 was the 2.7-fold rise in corporate tax compared with the same period of last year, hovering around 53 trillion rials ($1.26 billion).
Value added tax collected in Tehran also made up 41.3% of the total revenues to stand at 61 trillion rials ($1.45 billion), registering an 18.8% rise YOY.
Samiollah Hosseini Makarem, economic deputy of Tehran mayor, says taxes worth 160 trillion rials ($3.79 billion) are collected from Tehran Province annually, of which the city of Tehran’s share stands at 20 trillion rials ($474 million) in the fiscal 2017-18.
“The share is dwarfed by last year’s $948 million,” he was quoted as saying earlier this month.

Short URL : https://goo.gl/wuyUCA
  1. https://goo.gl/qi5wSF
  • https://goo.gl/82TAhw
  • https://goo.gl/xAQ7ir
  • https://goo.gl/mzgzpm
  • https://goo.gl/zfskP3

You can also read ...

Iran and the Eurasian Economic Union signed a three-year provisional agreement on May 17 for the bloc to welcome Iran into the EEU Free Trade Zone.
The Eurasian Economic Commission Council approved the roadmap...
India in Touch With All Stakeholders on Iran Sanctions
Following fresh US sanctions on Iran over its nuclear program...
US Pressuring German Firms ‘Daily’ Over Iran Sanctions
Washington’s ambassador in Berlin has been pressuring German...
Google Defends Gmail Data Privacy Policy
Alphabet Inc’s Google gave details about its policies for...
Crypto Trading Continues to Decline Since CBI Ban
Cryptocurrency transactions in Iran have significantly...
Housing Uptrend Continues
Iran's housing and construction sector registered a fourth...
Renovation of Mehrabad Airport Terminals by March 2020
Renovation of terminals 1 and 2 of Tehran’s Mehrabad...
Instagram Testing Resharing Feature
After years of resistance, Instagram is now testing a way for...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus