Central Bank of Iran says will pay tax only on realized profit

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 profit and preliminary tax until February 4” to the treasury.