Iran Tax News
October 02, 2020 19:29
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October 02,2020The Iranian National Tax Administration has released the list of products that are subject to the new environmental tax. According to Mohammad Masihi, a senior official with INTA, the budget law... -
September 29,2020The government earned 510 trillion rials ($1.73 billion) in tax revenues during the first quarter of the current fiscal year (March 20-June 20), which indicates a 111% increase compared with the... -
September 19,2020Tax revenues to government public budget resources increased from 35.1% in the year ending March 2019 to 37.5% in the year ending March 2020, as tax revenues to current expenditure ratio also... -
August 19,2020The parliament on Wednesday approved laws based on which companies that recapitalize using share premiums will be eligible for tax breaks. As per the new legislation, listed companies will get...
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August 17,2020The Guardians Council—a watchdog that ensures laws are in line with the Iranian Constitution and Islamic law—has drawn attention to the flaws in various provisions of new vacancy tax bill drafted... -
August 14,2020Tehran Province is expected to earn 1,000 trillion rials ($4.47 billion) of the total 1,800 trillion rials ($8.05 billion) of tax revenues projected for the current fiscal year (March 2020-21),... -
August 14,2020The Guardians Council–a watchdog that ensures laws are in line with the Iranian Constitution and Islamic law–has sent back the vacancy tax bill to the Iranian Parliament for reconsideration.... -
August 14,2020The Iranian National Tax Administration announced tax brackets on buyers of gold coins in the last fiscal year (March 2019-20). -
August 08,2020Iranian parliamentarians approved revisions to Article 54 of Direct Tax Code on Wednesday, which would make several changes to vacancy tax with the aim of returning empty properties to use as... -
July 26,2020A prominent housing expert says vacancy tax would hardly push down rents or home prices in the short run. Fardin Yazdani, the planner of Comprehensive Housing Initiative of the Ministry of Roads... -
July 17,2020Landlords willing to sign three-year lease contracts will be granted exemption from vacancy tax and other slated tax measures concerning the housing sector, a senior official with the Ministry of... -
June 26,2020Tax incentives are bein considered for new companies that want to list on the stock market in the current fiscal year (March 2020-21). The proposal was floated by the Ministry of Economy at the... -
June 23,2020The due date for the submission of tax returns for real entities concerning the last Iranian year (March 2019-20) has been extended to August 21, says Mohammad Masihi, the deputy head of Iranian... -
June 19,2020The nationwide online database of all residential properties across the country will be completed and put at the Iranian National Tax Administration’s disposal by next week, Mahmoud Mahmoudazadeh,... -
June 19,2020Economy Minister Farhad Dejpasand says those who pay their back taxes completely by March 2021 will be eligible for the Iranian National Tax Administration’s penalty relief. “The ministry has... -
May 15,2020Revenues from departure tax, which is a subcategory of tax on goods and services of indirect taxes, stood at 11,500 billion rials ($67.25 million) in the fiscal 2019-20. -
April 26,2020The Iranian National Tax Administration has extended the deadline for the mandatory use of point of sale machines by 15 guilds to Sept. 21 due to the coronavirus, INTA Chief Omid Ali Parsa said... -
April 24,2020The government could see a decline of 400 trillion rials ($2.46 billion) in tax revenues as a result of the new coronavirus disease, COVID-19, if the economic effects of the pandemic on businesses... -
April 22,2020Parliamentarians on Tuesday approved Clause 65 of the Value Added Tax Bill that includes setting penalties for offences committed by tax inspectors. -
April 12,2020Tax revenues increased by 31% in the last fiscal year (March 2019-20) compared with the year before to reach 1,430 trillion rials ($8.93 billion), the head of the Iranian National Tax... -
March 10,2020The government earned 1,340 trillion rials ($8.7 billion) in tax revenues since the beginning of the current fiscal year (March 21, 2019) to Feb. 29. The current budget law has projected 1,425... -
March 08,2020Parliament has obliged banks to close accounts of customers whose identities are not clearly stated in the bank documents, a move seen as another step toward conforming to anti-money laundering... -
March 01,2020A senior official believes that the government has overestimated its next year’s revenues from reducing tax breaks, curbing tax evasion and levying wealth tax. Ebrahim Bahadorani, the top advisor... -
February 19,2020The five-year-in-the-making National Data System of Real Estate and Housing was unveiled in a ceremony on Tuesday with Roads and Urban Development Minister Mohammad Eslami in attendance. The real... -
February 17,2020Two pieces of news broke in the past couple of weeks concerning taxation. First, Omid Ali Parsa, the director of Iranian National Tax Administration, said once the parliament gives its full...
