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Iran Parliament Ratifies More AML Amendments

EghtesadOnline: Iran's Parliament in its latest open session on Tuesday continued to review the government-proposed amendments to the country's existing Anti-Money Laundering Law and ratified new measures, as the Financial Action Task Force's next plenary meeting draws nearer.
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Publish Date:19/May/2018 | 04:44

Iran Parliament Amends AML/CFT Laws to Satisfy FATF

EghtesadOnline: Iranian lawmakers on Tuesday came one step closer to fulfilling deficiencies in the country's action plan with the Financial Action Task Force, and passed amendment bills to the existing Law of Anti-Money Laundering and Law of Combating Financing of Terrorism.
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Publish Date:12/May/2018 | 10:55

Majlis Tentatively Backs Gov’t Forex Measures

EghtesadOnline: The Majlis Economic Commission said on Tuesday that it fundamentally agrees with the government's recent measures to control the foreign exchange market, although some of the executive decisions should be reconsidered.
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Publish Date:18/April/2018 | 07:44

Iran Parliament Briefed on Unified Forex Rates

EghtesadOnline: The Central Bank of Iran's Governor Valiollah Seif answered heated questions during an appearance in the latest open session of the parliament after the government announced late Monday that it has unified foreign exchange rates and the US dollar will be offered to all at 42,000 rials in response to the worst currency crisis hitting the country in more than five years.
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Publish Date:11/April/2018 | 05:30

MRC Backs Banking Reforms With a Caveat

EghtesadOnline: The research arm of Iran's Parliament has recommended that the lawmakers approve the government's bill to undertake long overdue reforms in the banking system, but only if it is combined with lawmakers' own version of reforms to compensate for its many shortcomings.
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Publish Date:13/March/2018 | 09:10

MPs Ratify Budget Financial Measures

EghtesadOnline: Members of Iran’s Parliament ratified a number of financial measures relating to bonds, finance and loans among other things during their latest open session on Tuesday to discuss the fiscal 2018-19 budget. Some of the measures were tweaked to comply with Islamic and constitutional precepts vetted by the Guardians Council.
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Publish Date:13/March/2018 | 07:50

NDFI Cap for Gov’t at $3.2b

EghtesadOnline: As part of their latest open session on Sunday to discuss the fiscal 2018-19 budget bill, members of parliament designated the areas where resources from the National Development Fund of Iran are allowed to be spent by the government.
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Publish Date:13/March/2018 | 06:41

Salary Rise Cap at 20%

EghtesadOnline: Members of parliament have set the highest increase in salaries for public sector employees in the next fiscal year (starting March 21) at 20%.
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Publish Date:25/February/2018 | 07:38

Time to Raise Taxes on Cigarette

EghtesadOnline: From a moral standpoint, policymakers should not prioritize the interests of powerful economic entities over public welfare. However, when it came to deciding the cigarette tax rates last week, the Iranian Parliament failed to adopt such a position.
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Publish Date:25/February/2018 | 07:32

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