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MSC Ranks First in Tax-Paying 07 May 2019

MSC Ranks First in Tax-Paying

 TEHRAN – The CEO of Mobarakeh Steel Company says the company is offspring of Islamic Republic and it has achieved significant progress in industry and production of strategic goods.

‘SMEs should be exempted from paying value added tax for 6-12 months’ 13 Aug 2018

‘SMEs should be exempted from paying value added tax for 6-12 months’

TEHRAN- Iranian industry minister said small and medium-sized enterprises (SMEs) should be exempted from paying value added tax for a period of six months to one year, IRNA reported. Mohammad Shariatmadari made the remarks on Sunday in the inaugural ceremony of a three-day exhibition for SMEs to showcase their latest achievements and capabilities. The minister […]

Tax income accounts for 8% of Iran’s GDP 05 Mar 2018

Tax income accounts for 8% of Iran’s GDP

TEHRAN- The share of tax revenues in Iran’s gross domestic product (GDP) has reached eight percent, according to Head of National Tax Administration Kamel Taqavinejad. The official said the figure should reach 11 percent by the end of the country’s Six Five-Year National Development Plan (March 2021), IRNA reported on Sunday. President Hassan Rouhani’s economic […]

Iran imposing export tax on iron ore facing strong opposition 08 Jan 2018

Iran imposing export tax on iron ore facing strong opposition

Last month, Iranian Deputy Industry, Mining and Trade Minister Jafar Sarqeini announced that the government will impose a 10% export duty on iron ore from the beginning of the next Iranian calendar year 1397 (March 21, 2018) and plans to increase the figure to 15% in the calendar year 1398. The official said that the government’s decision is […]

Senate approves most sweeping changes to US tax code in 3 decades 20 Dec 2017

Senate approves most sweeping changes to US tax code in 3 decades

The US Senate has narrowly passed a tax overhaul bill, the most sweeping rewrite of the nation’s tax laws in over three decades. The Republican-led Senate, in the early hours of Wednesday, approved the $1.5-trillion tax legislation, which includes permanent tax breaks for corporations and temporary tax cuts for individuals. With all Democrats united in […]

Tax income at $12.6b in 7 months 19 Dec 2017

Tax income at $12.6b in 7 months

TEHRAN – Iran gained some 526.4 trillion rials (about $12.63 billion) in tax income during the first seven months of the current Iranian calendar year (ended on October 22, 2017). According to the report, the Iranian government could manage to collect $12.6 billion of the total 689.2 trillion rials (about $16.53 billion) anticipated to be […]

No link between departure tax and inland tourism: expert 17 Dec 2017

No link between departure tax and inland tourism: expert

TEHRAN – A tourism expert says a sharp rise in the departure tax does not necessarily lead to an increase of domestic travels due to the psychology of tourism that has not been taken in account. A proposal by the administration to triple the departure tax for the upcoming fiscal year, starting March 21, 2018, […]