30% of VAT Revenues for SMEs

EghtesadOnline: As per the sixth five-year development plan (2017-22), 30% of government revenues earned from value added tax will be used to shore up small- and medium-sized enterprises, according to the head of Iran’s Small Industries and Industrial Parks Organization, Ali Yazdani.

News ID: ۷۷۳۹۱۰

13 February 2017

Iran’s development plans outline government strategies in its budget planning for the next five years. The approval of the sixth plan has been delayed by a year. Yazdani noted that SMEs account for 53% of the jobs created and 10% of exports in the industrial sector, IRNA reported. According to Gholamreza Soleymani, the deputy head of the organization, exports by Iranian SMEs during the nine months to December 20 amounted to $1.6 billion, Financial Tribune reported.