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Parliament Slashes Budget

EghtesadOnline: The parliament reduced the budget for the new Iranian year that starts on March 21 by 2.5 trillion rials ($67.6 million) as per the changes made by the Guardians Council—a state body charged with reviewing the bills passed by the parliament to ensure their compliance with Islamic and constitutional precepts, IRNA reported.
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Publish Date:15/March/2017 | 13:29

Majlis Think Tank Offers Solutions to End Data Discrepancy

EghtesadOnline: The research arm of the Iranian Parliament has called on two organizations in charge of publishing economic data to work more closely and form a joint committee to curb actions that could erode public trust.
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Publish Date:08/March/2017 | 15:54

Parliament Votes to Extend Value Added Tax Law

EghtesadOnline: Legislators on Sunday extended the enforcement of value added tax for the upcoming fiscal year (starting March 21) and dropped the newly-proposed article narrowing the tax base to the final consumer.
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Publish Date:07/March/2017 | 13:34

MPs Cap Executive Pay at $3,700 Per Month

EghtesadOnline: Members of the Iranian Parliament killed their newly-passed bill on executive salaries on Saturday and once again referred their original proposal to the Guardians Council.
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Publish Date:06/March/2017 | 16:07

INTA Against Replacing VAT With Consumption Tax

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.
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Publish Date:05/March/2017 | 16:36

$52b Earmarked to Attract Expats

EghtesadOnline: Iranian lawmakers have added a new article to the budget for the upcoming fiscal year (March 2017-18) to attract US-based Iranian expatiates and their investments.
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Publish Date:01/March/2017 | 13:40

$92m Approved for Disadvantaged Regions

EghtesadOnline: Iranian lawmakers approved 3.5 trillion rials (over $92.7 million) in the budget earmarked for the promotion and implementation of industrial and mining projects in underprivileged areas across the country.
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Publish Date:01/March/2017 | 13:32

Iranian MPs Pass $104.6b General Budget

EghtesadOnline: The Iranian Parliament on Sunday passed Iran’s general budget for the upcoming new year (March 2017-18). The lawmakers put the figure at 3.98 quadrillion rials ($104.6 billion).
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Publish Date:27/February/2017 | 15:33

Majlis Budget Decisions on Finance, NDFI Withdrawals

EghtesadOnline: The parliament convened early Sunday and passed measures on foreign finance, withdrawals from the National Development Fund of Iran, transfer of funds from the banking network to the treasury, loans to academic institutions and loan penalty waivers.
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Publish Date:27/February/2017 | 07:13

Parliament approves outlines of next year budget bill

EghtesadOnline: Outlines of the bill on budget for the next Iranian calendar year of 1396 (March 2017-March 2018) has been approved by parliament on 111 votes cast by MPs in its favor.
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Publish Date:22/February/2017 | 05:41

Vote for Women’s Early Retirement Sparks Heated Debate in Iran

EghtesadOnline: The bill approved by lawmakers making women eligible for receiving pension after 20 years of work, regardless of age, will impose expenses close to 50 trillion rials (approximately $1.3 billion) and 300 trillion rials ($7.78 billion) on the Civil Servants Pension Fund and Social Security Organization respectively, a deputy minister of cooperatives, labor and social welfare, Hojjatollah Mirzaei, said.
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Publish Date:31/January/2017 | 13:50

Parliament to Review Banking Bill in Spring

EghtesadOnline: The updated version of the Banking Reform Bill, a blueprint for undertaking major reforms in the banking sector, will at last be taken up in the parliament ‘s spring session, announced the head of Majlis Economic Commission.
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Publish Date:18/January/2017 | 24:59

Majlis Deadline for Social Housing Plan

EghtesadOnline: Lawmakers have passed a clause regarding Social Housing Plan, stressing that it will be launched in 2017.
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Publish Date:15/January/2017 | 19:00

Royalty Revenues for Mining Development

EghtesadOnline: Lawmakers voted on Thursday to allocate the government’s entire revenues from mining royalty and usufruct fees for the development of the infrastructure of large Iranian mines, expansion of mineral exports with high value-added and completion of mineral exploration projects.
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Publish Date:14/January/2017 | 15:46

MPs Approve Macroeconomic Targets

EghtesadOnline: The Iranian Parliament approved on Monday macroeconomic targets set in the sixth five-year development plan (2016-21).
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Publish Date:12/January/2017 | 15:05

Parliament Wants Better Interactions With CBI

EghtesadOnline: The first deputy speaker of the Majlis called for better and more developed interactions between the parliament and the Central Bank of Iran, considering the importance of the bank’s operations for policymakers.
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Publish Date:12/January/2017 | 14:45