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Tax Break on Capital Increase to Revive Beleaguered Companies

EghtesadOnline: The Iranian Parliament decided on Saturday that companies with losses exceeding half of their capital will be exempt from taxation on capital increase through revaluation of fixed assets.
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Publish Date:24/February/2018 | 09:51

Parliament Okays Rise in Cigarette Tax

EghtesadOnline: Cigarette tax will increase in the next fiscal year (starting March 21) as approved by members of the Iranian Parliament on Saturday.
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Publish Date:18/February/2018 | 08:18

NDFI to Get 32% of Oil, Gas Money

EghtesadOnline: Members of parliament on Saturday approved a measure determining the share of the National Development Fund of Iran from all oil and gas export revenues in their latest open session on Saturday to decide on the articles of the fiscal 2018-19 budget law.
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Publish Date:18/February/2018 | 08:10

Parliament Levies 1% Tax on Mineral Sales

EghtesadOnline: Parliamentarians have mandated the government to tax 1% of miners’ total sales and deposit the earnings with the treasury as part of the next fiscal year’s (March 2018-19) budget.
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Publish Date:12/February/2018 | 06:30

New Income Tax Rates Determined

EghtesadOnline: As approved by the Iranian Parliament on Sunday, those with an annual income of less than 276 million rials ($5,872) will be exempt from paying income tax in the next Iranian year (March 2018-19).
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Publish Date:05/February/2018 | 14:34

Budget Bill Undergoes Revision by MPs

EghtesadOnline: The joint commission of the parliament has wrapped up work on the budget bill for the next fiscal year (March 2018-19) and submitted its draft version to the Majlis Presiding Board on Saturday.
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Publish Date:21/January/2018 | 11:38

Majlis, Foreign Ministry Discuss FATF Regulations

EghtesadOnline: Ahead of the Jan. 31 deadline set by the Financial Action Task Force for Iran to fully adhere to its anti-money laundering and combating of financing terrorism commitments, parliamentarians and Foreign Ministry officials convened to discuss related bills.
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Publish Date:15/January/2018 | 13:00

Majlis Support for New Petrochemical Investments

EghtesadOnline: The parliament is ready to back new investments that would help expand and complete the value chain in the key petrochemical industry, the spokesman of Majlis Energy Commission said on Monday.
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Publish Date:15/January/2018 | 06:20

MRC Urges Restraint in Gov’t Bond Issuance

EghtesadOnline: The research arm of the Iranian Parliament has warned against the detrimental effects of the government engaging in a widespread issuance of bonds, especially on bank interest rates, and proposed that the Central Bank of Iran act as the official watchdog of the bonds.
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Publish Date:14/January/2018 | 07:52

Iran Parliament Unlikely to Approve Departure Tax Increase

EghtesadOnline: The dramatic increase in the departure tax proposed by the government in the budget bill for the next fiscal year (starting March 21, 2018) has low chances of approval by the parliament, according to a number of lawmakers.
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Publish Date:13/December/2017 | 14:39

Roadmaps for Iran Social Security Organization Recovery

EghtesadOnline: The research arm of the Iranian Parliament has conducted a thorough study on the dire condition of Social Security Organization–the country's largest pension fund–and offered short- and long-term roadmaps to steer the entity away from a full-blown crisis.
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Publish Date:25/November/2017 | 11:32

Iran Gov’t Sends AML/CFT Amendments to Majlis

EghtesadOnline: President Hassan Rouhani has presented two bills for making amendments to the current Law of Combating the Financing of Terrorism and the Law of Anti-Money Laundering.
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Publish Date:21/November/2017 | 06:55

Rabiei's Impeachment in the Making

EghtesadOnline: An impeachment motion against Minister of Cooperatives, Labor and Social Welfare Ali Rabiei will be submitted to the parliament this week, a legislator said.
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Publish Date:12/November/2017 | 06:18

Iran FM briefs MPs behind closed doors on Trump threats against JCPOA

EghtesadOnline: Iranian Foreign Minister Mohammad Javad Zarif has attended a parliamentary session to brief the lawmakers on a range of issues, including recent US threats against the 2015 nuclear deal between Tehran and six world powers.
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Publish Date:16/October/2017 | 15:27

Majlis Think Tank Endorses CBI on Financial Reporting Standards

EghtesadOnline: In case of disagreement between the Central Bank of Iran and the Audit Organization of Iran over who gets to set financial reporting standards for banks and credit institutions, which issue has already borne significant costs for lenders, the parliamentary think tank has ruled in favor of the central bank.
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Publish Date:28/August/2017 | 09:49

Iran's New Government Formed

EghtesadOnline: The proposed ministerial lineup for President Hassan Rouhani's second tenure was almost totally confirmed by the parliament on Sunday, in a clear display of support for the centrist cleric to keep up his push toward broadening international engagement and reforming the state-run economy.
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Publish Date:21/August/2017 | 13:22

Iran's Rouhani Buoyed as Lawmakers Approve Second-Term Cabinet

EghtesadOnline: Iranian President Hassan Rouhani won lawmakers’ approval for all but one of his new cabinet, in an overwhelming show of support for an agenda criticized by some conservatives at home and threatened by an increasingly confrontational U.S.
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Publish Date:21/August/2017 | 05:38

Rouhani Sends Banking Reform Bills to Parliament

EghtesadOnline: Following an approval by the Cabinet and a presidential endorsement, the twin bills devised by the government to reform the banking system after almost 45 years have now been sent to the parliament.
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Publish Date:20/August/2017 | 09:54

Bill on Construction Quality Inevitable

EghtesadOnline: In order to curb the construction of substandard buildings, the dire need of passing a relevant bill by the parliament to ensure quality assurance is inevitable, a deputy at the Ministry of Roads and Development said.
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Publish Date:20/August/2017 | 09:53