July 11, 2023 19:50

Q1 Tax Income Surges to $2.7b

Income from direct taxes stood at 806 trillion rials ($1.62 billion) in Q1, registering a 42% rise while income from tax on goods and services saw a 39% rise to stand at 560 trillion rials ($1.12 billion). Direct taxes had the biggest share of total tax

The Iranian National Tax Administration earned 1,370 trillion rials ($2.75 billion at the current market exchange rate) in tax income during the first quarter of the current fiscal year (started March 21) to register a 41% year-on-year rise, according to Mojtaba Amiri, the head of INTA’s Planning and Statistics Department.

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