A money changer holds Iranian rial banknotes as he waits for customers in Tehran's business district January 7, 2012. REUTERS/Raheb Homavandi[/caption]One of the main features of Iran'next year's budget, which goes into effectin less than 2 weeks, is a significant reduction in its dependence onoil revenues.
Iran holds the worlds fourth-largest proven oil reserves and as a member of OPEC, the Organization of the Petroleum Exporting Countries, has an oil-driven economy.
The average share of the oil earningsin Irans fiscal budget during the past 20 years has been around 45 percent.
In this episode of Iran Today, we are going to find out about the countrys current tax system, its disadvantages, and steps taken to improve it.
By Press TV
