EghtesadOnline: The Iran National Tax Administration earned about 580 trillion rials ($11.6 billion) from value added tax in the last fiscal year (ended March 20, 2018), registering a 20% rise compared with the year before.

EghtesadOnline: Lawmakers have decided to extend the pilot plan for enforcing the value added tax for the next fiscal year (starting March 21). In doing so, they have complied with the government’s proposed legislation, IRNA reported.

EghtesadOnline: The government’s new tax bill–sent to the parliament in March–to enlarge the value added tax exemption list to include insurance firms and foreign banks’ services has now been taken up by the legislature’s specialized commissions.