A senior official believes that the government has overestimated its next year’s revenues from reducing tax breaks, curbing tax evasion and levying wealth tax.
Iran Tax News
The 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. …
Two 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…
Taxing shareholders’ income from capital gains and levying tax on bank deposit income is not on the agenda of tax authorities, head of the Iranian National Tax Administration said.
The Iranian Parliament recently approved the exemption of value added tax on services offered by three-star and lower-rated guesthouses, apartment hotels and other lodging properties that have…
The government wants to bring under closer scrutiny transactions above 50 billion rials ($375,000) conducted inside the country, head of Iranian National Tax Administration said. Omid Ali…
Departure tax is a permanent fixture in many parts of the world for people travelling abroad. In some countries, both citizens and foreigners have to pay before moving out by air, sea or land.…
People who own homes with a value of more than 100 billion rials ($763,358) and cars worth more than 10 billion rials ($76,355) will have to pay tax as of next fiscal year (starting March 20,…
The Iranian National Tax Administration has announced duties and tax rates applicable to imported and locally-produced cigarettes in the current Iranian year (March 2019-20).
Visible inequality in income distribution aside, Iran’s economy is saddled with an unfair tax system that has made the realization of economic justice more elusive than ever.
Banks, companies and other organizations affiliated to the government must pay 57.8 trillion rials ($444 million) in tax in the coming fiscal year that starts in March 2020. As per…
The Ministry of Economic Affairs and Finance will prepare a preliminary draft of personal income tax bill by Jan. 10, a deputy economy minister said. “Having capital gains tax and…
The government announced on Monday that revolutionary organizations involved in economic activities must pay tax in the coming fiscal year that begins in March 2020.
The government intends to earn 8,087 billion rials ($596.82 million) from tax on cigarette imports next year (March 2020-21). A total of 20,014 billion rials ($152.77 million) are also…
The Iranian government has set next year’s departure tax at 2.64 million rials ($20) for travelers who take their first overseas trip of the year, as per the budget bill of the next fiscal year…
Director of Iranian National Tax Administration Omid Ali Parsa says the government’s tax revenues reached 890 trillion rials ($7.09 billion) during the first eight months of the current Iranian…
Life insurance henceforth will not be tax exempt, the head of Iran National Tax Administration told reporters following a meeting with Iranian Insurers Syndicate.
Why does tax-to-GDP ratio in France or Denmark stand at 46% while it’s below 10% in Iran? How come the Swedes give half their incomes to the government but in Iran many leave no stone unturned…
Economy Minister Farhad Dejpasand said taxing bank account earnings is not on the agenda and denied rumors that the government may do so as part of its efforts to increase non-oil revenues.…
The head of Iranian National Tax Administration says the affluent in Iran do not have tax return files or largely evade fulfilling their tax obligations. Reviewing banking…
In need of new sources of revenue to compensate for the budget deficit emanating from steep declines in oil exports and reduce the ballooning liquidity, the idea of taxing bank deposits has come…
Over the past two days, CEOs of Iranian online taxi firms, government and municipality officials, as well as unionists have had a hectic time on Twitter clashing over the taxation of local…
To help bolster government efforts to modernize the ageing tax regime, banks have been ordered to send data on the financial transactions of tax payers to the Iranian National Tax…
Forty percent of Iran’s economy are exempted from paying taxes, the director of Iranian National Tax Administration said. “Tax revenues account for up to 85% of the governments’ current…
Utility companies that offer electricity on the energy bourse will be eligible for 10% tax exemption, head of the Iran Energy Exchange said. Industrial units with electricity consumption of…
