Fiscal 2020-21 Tax Revenues Rise by 37% to Reach $7.6b

A total of 1,925 trillion rials ($7.62 billion) in tax were collected in the last fiscal year (March 2020-21), indicating a 37% increase compared with the year before. 
According to Mohammad Masihi, the deputy head of the Iranian National Tax Administration, the government earned 107% of the projected budgetary income from taxation in the last fiscal year (March 2020-21). 
The government’s tax revenues consist of returns from “direct taxation” and “tax on goods and services”. Direct taxes include three groups of “tax on legal entities”, “income tax” and “wealth tax”.
Masihi said direct tax earnings stood at 1,190 trillion rials ($4.71 billion) in the year ending March 20, to account for 136% of the projected income in the budget law and 46% more than direct tax revenues of the preceding year (March 2019-20).