Financial Tribune - The government wants to bring under closer scrutiny transactions above 50 billion rials ($375,000) conducted inside the country, head of Iranian National Tax Administration said.

Omid Ali Parsa said INTA will issue an executive bylaw in the coming week guiding tax offices and banks on how to handle the big deals.

Referring to existing rules on curbing tax fraud and tax evasion, Parsa said the new regulations allow the taxman to dig into transactions conducted over the past five years.