MNA Iranian President Hassan Rouhani, on Tuesday, ordered the finance ministry to implement a new law of an agreement between Iran an India made on double-taxation avoidance and tax-evasion prevention. The implementation of this agreement is expected to promote economic relations and trade exchange between the two countries. In February 2018,...

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 ...

Press TV - Iran has seen its tax revenues surge by almost a third in the past calendar year ending March 19. Head of the Iranian National Tax Administration said on Saturday that the 31-percent surge in receipts over 2019-2020 was almost double the yearly increase reported over the past five years. Omid Ali Parsa said that total receipts, including ...

Financial Tribune - The government earned 1,340 trillion rials ($8.7 billion) in tax revenues since the beginning of the current fiscal year (March 21, 2019) to Feb. 29. The current budget law has projected 1,425 trillion rials ($9.25 billion) in tax revenues up to the end of current Iranian year (March 19). The above figures indicate that around ...

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 - 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 ...

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 - Life insurance henceforth will not be tax exempt, the head of Iran National Tax Administration told reporters following a meeting with Iranian Insurers Syndicate. "Today I had the opportunity to find out more about the challenges the insurance sector is grappling with. It needs mention that the domestic system also has its own ...

Financial Tribune - Forty percent of Irans economy are exempted from paying taxes, the director of Iranian National Tax Administration said. Tax revenues account for up to 85% of the governments current expenditure in some countries; whereas in Iran, the ratio barely reaches 50%, Mehr News Agency also quoted Omid Ali Parsa as saying. Latest statistics ...

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 ...

MNA According to the head of Statistical Center of Iran the point-to-point inflation rate during the Iranian month of Mehr (beginning on 23rd of Sep. and ending on 22nd of Oct.) amounted to 32.8%. Omid Ali Parsa, the head of Statistical Center of Iran, said on Thursday morning that the point-to-point inflation rate rose to 32.8% in the Iranian ...

Financial Tribune- A total of 818,000 jobs were created in Iran during the first nine months of the current fiscal year (March 21-Dec. 21, 2017), indicating a 3.6% rise compared with last years similar period, the head of Statistical Center of Iran said. The number of unemployed people grew by 16,000 during the nine-month period to reach 3.2 million ...