Economy, Domestic Economy
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Tax Break on Capital Increase to Revive Beleaguered Companies

Business & Markets Desk
Tax Break on Capital Increase to Revive Beleaguered SteelmakerTax Break on Capital Increase to Revive Beleaguered Steelmaker

The Iranian Parliament decided on Saturday that companies with losses exceeding half of their capital will be exempt from taxation on capital increase through revaluation of fixed assets. 
The measure, once implemented, can help a number of financially struggling companies stand on their feet, with one of the prime beneficiaries being Esfahan Steel Company.

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