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Commission Approves Income Tax Exemption Rates

EghtesadOnline: The Majlis Joint Commission has decided that government employees who earn less than 360 million rials ($2,769) per year will be exempted from paying income tax as of the next Iranian year (starting March 20, 2020).
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Publish Date:05/January/2020 | 06:06

ETFs to Help Gov’t Sell Shares

EghtesadOnline: In the budget bill for the next fiscal year (March 2020-21) the government can divest its stake in state-run companies via exchange-traded funds.
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Publish Date:11/December/2019 | 10:03

Gov’t Generates $300m in Bond Sales

EghtesadOnline: The government sold Manfa’at Sukuk bonds worth 40 trillion rials ($300 million) on Sunday to meet its budgeting needs for the fiscal year that ends in March.
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Publish Date:10/December/2019 | 24:37

Rise in Iranian Departure Tax Next Year

EghtesadOnline: 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 (March 2020-21), 3.96 million rials ($30) for their second trip and 5.28 million rials ($40) for the third or more trips.
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Publish Date:10/December/2019 | 24:28

Iran: $500 Million in Government's Grant to Retrofit Cabs, Vans

EghtesadOnline: The government ’s Economic Council has approved a proposal by the Oil Ministry based on which the state-owned National Iranian Oil Products Distribution Company has been tasked with helping convert 1.5 million gasoline-powered vans and taxis to compressed natural gas hybrids.
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Publish Date:09/December/2019 | 10:56

Iran Gov’t to Unveil New Divestiture Scheme

EghtesadOnline: The government will unveil a plan this week for the divestiture of state-owned companies in the stock market, the economy minister said.
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Publish Date:23/November/2019 | 24:29

Iran's H1 Mining Royalty Payments Hit $70m

EghtesadOnline: Iranian miners paid a total of 8.65 trillion rials ($70.95 million) in mining royalties to the government during the first half of the current Iranian year (March 21-Sept. 22).
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Publish Date:23/November/2019 | 24:22

Iran Gov’t Invests $225m in Innovation Fund

EghtesadOnline: The Iranian government has agreed to invest 26 trillion rials ($225 million) in Iran National Innovation Fund to support knowledge-based companies and startups.
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Publish Date:07/September/2019 | 24:00

Banks’ Surplus Assets Fall Out of Favor

EghtesaadOnline: While the government insists on lenders to get rid of their surplus properties, it seems that this is better said than done.
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Publish Date:25/August/2019 | 10:41

435 Trillion Rials in Bonds Proposed in 2019-20 Budget

EghtesadOnline: Provisions of Note 5 of next year’s budget give details about Islamic bonds the government intends to issue in the next fiscal year that begins in March 2019.
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Publish Date:30/December/2018 | 11:13

Iran Gov't Financial Resources Up 20%

EghtesadOnline: Mohammad Baqer Nobakht, the head of Plan and Budget Organization of Iran, says despite sanctions, the government ’s financial resources have increased more than 20% in the first seven months of the current year (March 21-Oct. 22) compared with the same period of last year.
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Publish Date:06/November/2018 | 10:40

Iranian Gov’t Bodies, Banks Allowed to Issue Bonds

EghtesadOnline: The government has outlined new tasks for state-owned companies, banks and for-profit institutions as part of a directive for the next fiscal (March 2019-20) budget.
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Publish Date:03/November/2018 | 06:33

Iran Government Expected to Change Currency Repatriation Rules

EghtesadOnline: Iran's private sector remains steadfast in its opposition to recent currency repatriation rules lately adopted by the government with the supposed aim of bolstering currency reserves and fostering trade.
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Publish Date:21/October/2018 | 08:27

Iran Gov’t Buys 5.5% More Wheat This Year

EghtesadOnline: More than 9.5 million tons of wheat worth 120 trillion rials ($750 million) have been purchased from local farmers across the country by the government in the current Iranian year, registering a 5.5% rise both in weight and value compared with last year.
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Publish Date:10/October/2018 | 11:38

Iran Capex Disbursements Increase by 450%

EghtesadOnline: The Iranian government has spent 255 trillion rials ($1.73 billion) in capital expenditure during the first five months of the current Iranian year (started March 21), which is 450% more compared with the same period of last year, Iran's Plan and Budget Organization said.
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Publish Date:29/September/2018 | 14:03

Gov’t Buys 4% More Fresh Tea Leaves

EghtesadOnline: Around 101,000 tons of fresh tea leaves worth 2.01 trillion rials ($17.1 million) have been purchased from local farmers since the beginning of the current Iranian year on March 21, registering a 4% increase compared with the similar period of last year, the head of Iran Tea Organization said.
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Publish Date:23/September/2018 | 13:13