According to Mohammad Masihi, Iran’s national budget bill for the current Iranian calendar year has predicted a tax income of 2.7 quadrillion rials (about $64.2 billion), which indicates that so far 25 percent of the country’s annual tax income plan has been realized.

As INSA reported, the share of direct taxes and value-added tax in the total tax revenues collected in the mentioned quarter were 330 trillion rials (about $7.85 billion) and 260 trillion rials (over $6.15 billion), respectively.

The government collected 1.92 quadrillion rials (about $45.7 billion) of tax revenues during the past Iranian calendar year of 1399 (ended on March 20), showing that the country’s annual tax income plan came true by 107 percent.

According to Finance and Economic Affairs Minister Farhad Dejpasand, tax revenues accounted for 84 percent of the total funding made in various sectors in the previous year.

Over 100 trillion rials (about $2.38 billion) of deferred taxes were also collected in the previous Iranian calendar year, the official said.

According to the head of Iran’s National Tax Administration (INTA) Omid-Ali Parsa, Iran’s tax revenue increased 31 percent in the Iranian calendar year 1398 (ended on March 19, 2020).

Putting the country’s tax income at 1.43 quadrillion rials (about $34.04 billion) in the mentioned year, the official said, “We managed to collect 250 trillion rials (about $5.9 billion) as value-added tax (VAT)”.

“One of the most important achievements of the Ministry of Finance and Economic Affairs in recent years has been the smartening of the tax system, the most important outcome of which has been the complete realization of the tax income plan,” Parsa has said.

The country also managed to collect 1.09 quadrillion rials (about $25.952 billion) of tax revenues during the Iranian calendar year of 1397 (ended on March 20, 2019), showing that the country’s annual tax income plan came true by 97 percent.

The realization of tax income plans in recent years has taken place in the condition that the country is facing severe economic sanctions.

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Dejpasand said the mentioned plan consists of 32 significant programs and 97 percent of it has been already realized.

To minimize the effects of sanctions on the country’s economy, Iran is adopting some new economic approaches and the main important one is to reduce reliance on the oil revenues.

To materialize this objective, the country has put strengthening domestic production, boosting non-oil exports specially to the neighbor countries, and collecting taxes more systematically on top of its economic policies.

Earlier this month, Dejpasand said that reducing the current year’s budget dependency on oil exports is the most important economic objective in the country; and his ministry is seriously following up defined tax policies to this end.

The proposed 17.03 quadrillion rials ($405 billion) budget bill for this Iranian year (started on March 21) has envisaged 1.53 quadrillion rials (about $36.5 billion) of tax income.

The minister has also stressed that an efficient tax system should be a priority in the government’s policy making.

A non-oil budget requires other stable income sources.

In a message on the occasion of the National Day of Tax (July 7), Dejpasand stressed the necessity of planning for using stable non-oil income.

He wrote the sanctions should be considered an opportunity to reform the budget structure and to take the advantage of tax potential.

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As reported, Iranian government has received 750 trillion rials (about $17.85 billion) of tax incomes during the seven-month period of this year, while the figure was 526 trillion rials (about $12.52 billion) in the same time span of the past year.

During the first seven months of the present year, Iran has managed to receive over 70 percent of the tax income planned to be collected.

CBI has previously announced that the country’s tax income rose 14.1 percent during the last Iranian calendar year (March 2017-March 2018) to reach 1.15 quadrillion rials (about $27.3 billion).

The Iranian government earns budget from various sources including the revenues and offering capital assets and divesting financial assets to the private sector.

President Hassan Rouhani’s economic strategy is to significantly reduce the government’s dependency on oil and instead collect tax more systematically.

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According to the administration’s head, Seyed Kamel Taqavinejad, more than 190 trillion rials (over $4.5 billion) was collected as direct taxes and about 175.5 trillion (about $4.17 billion) derived from the tax on goods and services sectors, IRIB reported.

Based on the latest data released by the Central Bank of Iran (CBI), the country’s tax income rose 14.1 percent during the last Iranian calendar year (March 2017-March 2018) to reach 1.15 quadrillion rials (about $27.3 billion).

The Iranian government earns budget from various sources including the revenues and offering capital assets and divesting financial assets to the private sector, the report said.

According to Taqavinejad, the share of tax revenues in Iran’s gross domestic product (GDP) has reached eight percent.

As planned, the figure should reach 11 percent by the end of the Six Five-Year National Development Plan (March 2021).

President Hassan Rouhani’s economic strategy is to significantly reduce the government’s dependency on oil and instead collect tax more systematically.

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