EghtesadOnline: Chairman of Iranian National Tax Administration Seyyed Kamel Taqavinejad believes scuttling the value added tax and replacing it with consumption tax, as proposed by Majlis Joint Commission recently as part of the budget bill for the upcoming Iranian year (March 2017-18), would be a step backward for Iran’s taxation and fiscal systems.

EghtesadOnline: Consumption tax will replace value added tax as of next year (March 2017-18) as per a motion proposed by the Majlis Joint Budget Commission.