VAT

EghtesadOnline: The Iranian National Tax Administration in a notice announced that new value added tax (VAT) on trade in gold and other precious metals will be applicable from Monday.

EghtesaOnline: New regulations governing value added tax on gold trade will come into effect in January, the vice president of the Tehran Gold and Jewelry Union said.

EghtesadOnline: The due date for the submission of Value Added Tax returns concerning the fourth quarter of the last Iranian year (Dec. 22, 2019-March 19) has been extended to April 19, the deputy head of Iranian National Tax Administration said.

EghtesadOnline: Jewelry shops across Tehran and Zanjan have pulled down their shutters for three days to protest the imposition of what they say is ‘high’ value added tax on their business. The 9% VAT comes at a time when the gold market is facing a prolonged slowdown in demand, says head of Zanjan Gold, Jewelry and Coin Union, Mohammad Safaie.

EghtesadOnline: The Majlis has voted in favor of including life insurance policies in the list of goods and services exempt from value-added tax.

EghtesadOnline: Pundits and economic experts looking closely at the key insurance sector are prone to ask one question: Why should the insurance industry be exempt from value added tax as some quarters have been demanding?