EghtesadOnline: As stocks stumble government income from taxes on share trade dropped sharply in the first three quarters (March 21-Dec 21) of the current fiscal year compared to the same period last year.

EghtesdaOnline: he government is expecting to earn 8,380 trillion rials ($18.78 billion) in taxes as part of the upcoming Iranian year’s budget bill (March 2023-24). The figure shows a 59% rise compared to the current year’s budget.

EghtesadOnline: Total tax earnings during March 21-Dec. 21 were estimated at 3,390 trillion rials ($8.5 billion), which means over 100% of the target were realized.

EghtesadOnline: A significant part of the 50% rise in tax income owes to high inflation, which is expected to remain above 40%

EghtesadOnline: Tax revenues saw a 73% YOY rise during March 21-Aug. 22, thanks to measures taken by the government, including the connection of nine million point-of-sale terminals to the national taxation system and activating another nine million POS terminals.