Iran’s 10-month direct tax income grows 30%

TEHRAN – Iran’s direct tax income in the first ten months of the current Iranian calendar year, which began on March 21, rose 30 percent compared to the same period in the previous year, according to Iran’s Tax Affairs Organization Director Ali Askari.

The country’s direct tax income amounted to 315 trillion rials (about $12.7 billion), IRIB quoted Askari as saying on Sunday.

Iran gained as much as 312 trillion rials (about $12.5 billion) in tax revenues in the past calendar year.

In July 2013, Askari said that Iran’s tax revenues are forecasted to amount to 450.8 trillion rials (about $18 billion) in the current Iranian calendar year.

Meanwhile, the Iranian deputy economy minister, Behrouz Alishiri, said Iran offers one hundred percent tax exemption for an unlimited period of time to foreign investment in the agriculture sector.

Tax exemption up to 80 percent are being offered to investments in the industry and mine sector, he said, adding that the figure will be one hundred percent for a period of ten years in underdeveloped areas.

Tax exemptions in free trade zones will be extended for 20 years, he added.

By Tehran Times


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