Domestic Economy
0

Departure Tax Earns $6.6 Million in Four Months

Departure Tax Earns $6.6 Million in Four Months
Departure Tax Earns $6.6 Million in Four Months

Revenues from departure tax, which is a subcategory of tax on goods and services of indirect taxes, stood at 1.84 trillion rials ($6.6 million) over the first four months of the current fiscal year (March 21-July 22). 
General tax collection was the highest for departure tax during the period under review compared with other types of taxes and reached 503% of the government’s revenue target set in the 2021-22 Budget Law, Fars News Agency reported. 
According to the Supreme Audit Court of Iran, the surge in the number of Iranian visitors to neighboring Armenia for Covid-19 vaccination helped increase the government’s earnings from departure tax during the period. 
A departure tax is a fee charged (under various designations) by a country when a person is leaving the country.
Some countries charge a departure tax only when a person is leaving by air. Various rules apply to tax payment, including payment at the airport to those about to catch a flight (sometimes only in the local currency and at times by credit card), or by some prepayment method, or it may be charged to the airlines and included in the airline ticket price.

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com