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Iran Tax -to-GDP Ratio at 4.2%

EghtesadOnline: The ratio of tax revenues government gained in the last fiscal year (March 2019-20) to GDP (when current prices are used) stood at 4.2%.
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Publish Date:27/December/2020 | 16:40

Tax on POS Transactions Mandatory

EghtesadOnline: The law to tax transactions conducted via point-of-sale (POS) machines will come into force from the next calendar month starting Jan. 20, the Central Bank of Iran vice governor for IT affairs said.
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Publish Date:26/December/2020 | 14:18

Vacancy Tax Becomes Law

EghtesadOnline: The Guardians Council–a watchdog that ensures laws are in line with the Iranian Constitution and Islamic law—has approved the parliament’s bill on revisions to Article 54 of Direct Tax Code, i.e., vacancy tax.
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Publish Date:19/December/2020 | 17:04

Insurers Want to Know Where Gov’t Spends Their Tax Money

EghtesadOnline: Iran Insurers’ Syndicate has called on the government to release details about how third-party auto insurance tax revenue is spent. The syndicate has strongly opposed imposing higher taxes on insurance companies.
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Publish Date:14/December/2020 | 17:00

Departure Tax Rate Unchanged in New Budget Bill

EghtesadOnline: The Iranian government has set the next year’s departure tax at 2.64 million rials ($10.5) for travelers who take their first overseas trip of the year, as per the budget bill of the next fiscal year (March 2021-22), 50% more for their second trip (3.96 million rials or $15.8) and 100% more for the third or more trips, i.e., 5.28 million rials ($21.1).
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Publish Date:05/December/2020 | 13:16

Upsurge in Tax on Stock Trade

EghtesadOnline: The Iranian National Tax Administration reported 99 trillion rials ($380 million) in tax revenue from stock trade in the first six months of current fiscal year (March 20-Sept.21).
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Publish Date:19/November/2020 | 15:13

Tax Revenues More Than Double to $1.7 Billion in 1st Fiscal Quarter

EghtesadOnline: The 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 corresponding period of last year.
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Publish Date:30/September/2020 | 14:05

Tax Income to Public Budget, Expenditure Ratio Improves

EghtesadOnline: Tax 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 improved from 2.45% to 8.47% during the fiscal 2019-20.
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Publish Date:20/September/2020 | 11:35

Duty-Free Potato Exports Authorized

EghtesadOnline: The export of potatoes has been exempted from tax and customs duties by the Ministry of Industries, Mining and Trade.
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Publish Date:15/September/2020 | 10:02

VAT Exemption for Mid-Level Lodging Properties Becomes Law

EghtesadOnline: The Guardians Council—a watchdog that ensures laws are in line with the Iranian Constitution and Islamic law—has approved the parliament’s bill on exemption of value added tax on services offered by mid-level lodging properties, including three-star and lower-rated guesthouses, apartment hotels as well as travel agencies offering Iran tours to foreigners that have secured permits from Iran’s Cultural Heritage, Handicrafts and Tourism Ministry, or related guilds.
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Publish Date:16/August/2020 | 14:09

Gov’t Levies Tax on Buyers of Gold Coins

EghtesadOnline: The Iranian National Tax Administration announced tax brackets on buyers of gold coins in the last fiscal year (March 2019-20).
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Publish Date:15/August/2020 | 09:25

Home Vacancy Tax Revisions Approved

EghtesadOnline: Iranian 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 rental homes for people.
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Publish Date:09/August/2020 | 10:40

Underground Economy Averages 37% of GDP

EghtesadOnline: The underground economy and tax evasion in Iran have been estimated to average 37.7% and 3.5% of gross domestic product respectively in the fiscal 2017-8, an analytical research published by the Iranian National Tax Administration shows.
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Publish Date:05/August/2020 | 09:05

Tax Exemption for 3-Year Rental Agreements

EghtesadOnline: Landlords 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 Roads and Urban Development said.
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Publish Date:18/July/2020 | 15:51

Tax Incentives for New Listed Companies

EghtesadOnline: Tax incentives are being considered for new companies that want to list on the stock market in the current fiscal year (March 2020-21).
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Publish Date:28/June/2020 | 08:21

Tax Incentives for New Listed Companies

EghtesadOnline: Tax incentives are being considered for new companies that want to list on the stock market in the current fiscal year (March 2020-21).
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Publish Date:27/June/2020 | 09:44

Vacancy Tax Set to Come Into Force in Summer

EghtesadOnline: The 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, the head of Housing Economy Department at the Ministry of Roads and Urban Development, said on Sunday.
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Publish Date:20/June/2020 | 07:56

Tax Abusers on Notice

EghtesadOnline: To fight rampant tax evasion and fraud, the Iranian National Tax Administration will henceforth focus on the minority taxpayers who indeed are liable for the majority of unpaid taxes, head of INTA said.
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Publish Date:15/June/2020 | 11:05