Financial Tribune - To fight rampant tax evasion and fraud, the Iranian National Tax Administration will henceforth focus on the minority taxpayers who indeed are liable for the majority of unpaid taxes, head of INTA said. Speaking on state TV late on Saturday, Omid Ali Parsa said Estimates suggest there are about 400-450 trillion rials ($2.2 billion-...

Financial Tribune - The Ministry of Economy has proposed the abolition of the agriculture sector's tax exemption as part of its comprehensive Direct Tax Reform Bill. As per the ministry's proposal, annual incomes from all agricultural activities under 600 million rials ($3,409) remain exempted from paying tax. Yet, if individuals gain over 600 million ...

Bloomberg - Irans President Hassan Rouhani announced a series of banking, welfare and tax relief measures to support businesses and families as the coronavirus outbreak puts severe strain on the economy. Employees can defer health insurance, tax and utility bill payments for the next three months, while the 3 million poorest Iranians will receive ...

Financial Tribune - A senior official believes that the government has overestimated its next years revenues from reducing tax breaks, curbing tax evasion and levying wealth tax. Ebrahim Bahadorani, the top advisor to the president of Tehran Chamber of Commerce Industries, Mines and Agriculture, also supported thecc parliamentarians opposition to ...

Financial Tribune - The five-year-in-the-making National Data System of Real Estate and Housing was unveiled in a ceremony on Tuesday with Roads and Urban Development Minister Mohammad Eslami in attendance. The real-estate tracker would help the Iranian National Tax Administration tax property owners who keep their homes vacant.

Financial Tribune - Taxing shareholders income from capital gains and levying tax on bank deposit income is not on the agenda of tax authorities, head of the Iranian National Tax Administration said. Reports about tax on bank deposits and income of shareholders have been making the rounds for sometime spurred by speculations that the government ...

Financial Tribune | Amin Sabooni: Many governments and municipalities say they use the money for a variety of reasons, such as promoting cultural attractions and domestic tourism, improving transportation and renovating airports, seaports and border exit points Departure tax is a permanent fixture in many parts of the world for people travelling ...

MNA With the majority votes of Parliament representatives, the export of goods and services were exempted from taxation. Representatives of the Iranian Parliament in a bylaw stipulated that the export of goods and services overseas or to the free trade-industrial zones are exempted from taxation. In todays open session, members of the Parliament ...

Financial Tribune - Visible inequality in income distribution aside, Irans economy is saddled with an unfair tax system that has made the realization of economic justice more elusive than ever. Due to varieties of tax breaks and holidays, the country has been named the taxpayers paradise, albeit, for the affluent and their lawyers well-versed in ...

Financial Tribune - Banks, companies and other organizations affiliated to the government must pay 57.8 trillion rials ($444 million) in tax in the coming fiscal year that starts in March 2020. As per projections in the annual budget for the next fiscal year, the tax figure is up 4.7% compared with 54.2 trillion rials projected for the current fiscal ...

Financial Tribune - Economy Minister Farhad Dejpasand said taxing bank account earnings is not on the agenda and denied rumors that the government may do so as part of its efforts to increase non-oil revenues. We are not going to create an unfair tax regime only to fund the government, Dejpasand said, speaking in a meeting with private sector representatives ...

Press TV - The governor of the Central Bank of Iran (CBI) says reports that interest income would be taxable in the next Iranian calendar year are pure media speculations. Abdolnasser Hemmati said on Thursday that the Iranian government had no plan at all to tax the income earned from interest accrued onbankdeposits. Taxation of interest of ...

MNA Stating that collecting tax must be done with transparency, President Rouhani said, In a transparent process, people must know what portions of their taxes are being spent on services and the countrys development." Speaking on Tuesday at the meeting of reviewing tax policies, President Hassan Rouhani said, Promoting the culture of tax in people ...

Financial Tribune - In need of new sources of revenue to compensate for the budget deficit emanating from steep declines in oil exports and reduce the ballooning liquidity, the idea of taxing bank deposits has come to the fore again, raising the possibility that the government may introduce the scheme in the 2020-21 fiscal budget. The issue was ...

Financial Tribune - To help bolster government efforts to modernize the ageing tax regime, banks have been ordered to send data on the financial transactions of tax payers to the Iranian National Tax Administration, head of INTAs Tax Inspection Department said. The move is in line with legislative frameworks both in the annual budget law (March ...

Financial Tribune - The tax collection system is obsolete and needs rewriting to find its proper place in the running of the economy, Irans top tax official said at the weekend. Omid Ali Parsa, head of the Iran National Tax Administration said, Tax revenues hardly have seven to eight percent share in the gross domestic product. In other countries ...

Financial Tribune - Tax will be levied on products that cause environmental damage in their manufacture or use, an official with the Iranian National Tax Administration said. As per the budget law of the current fiscal year (March 2019-20), Mohammad Masihi added that a 2% tax will be imposed on domestically manufactured paint, coating, primer, tires,...

Tehran Times - Tax system is being amended in the country through implementing the Comprehensive Tax Plan, Irans Finance and Economic Affairs Minister stated. The minister made the remarks in a meeting of the cabinet and Majlis Economic Committee members on Monday, IRIB reported. Dejpasand said the mentioned plan consists of 32 significant programs ...

Financial Tribune - Iran is taking the final steps in its transition to a modern, streamlined system of taxation. By implementing the electronic execution of taxation procedures, the "Comprehensive Taxation Plan" aims to help widen the tax base, identify potential taxpayers and minimize tax evasion. Kamel Taqavinejad, the ex-chairman of Iran ...

Financial Tribune - In the wake of a single urgency bill approved this week by the Majlis to tax the income of the Central Bank of Iran, the bank issued a statement late Monday, indicating that the legislation comes with ifs and buts. Despite vehement opposition from the CBI, lawmakers passed a measure on Sunday obliging the CBI to pay "50% of its ...