Pilot Plan for VAT Enforcement Extended

EghtesadOnline: Lawmakers have decided to extend the pilot plan for enforcing the value added tax for the next fiscal year (starting March 21). In doing so, they have complied with the government’s proposed legislation, IRNA reported.

News ID: ۷۸۱۶۶۵

06 February 2018

The VAT law took effect in the Iranian year to March 2009 and is being extended every year. Its current rate stands at 9% in Iran. VAT is a general consumption tax collected incrementally, based on the value added at each stage of production or distribution, according to Financial Tribune.