|Iran’s 6-month direct tax revenues up 34%||
TEHRAN – Iran’s direct tax revenues in the first six months of the current Iranian calendar year, which began on March 21, rose by 34 percent compared to the same period in the previous year, IRNA reported on Wednesday.
The country’s direct tax income amounted to 130 trillion rials (about $5.2 billion based on the U.S. dollar official exchange rate of 24,880 rials).
In July, Iran’s Tax Affairs Organization director said that Iran’s tax revenues are forecasted to amount to 450.8 trillion rials (about $18.1 billion) in the current Iranian calendar year, which began on March 21, up 35 percent year on year.
Value-added tax incomes account for a large share of the rise in tax revenues, IRNA quoted Ali Askari as saying.
Value-added tax incomes and charges are forecasted to hit 190 trillion rials, he noted.
Iran gained as much as 280 trillion rials (some $11.3 billion) in tax incomes in the past calendar year.
Iran offers one hundred percent tax exemption for an unlimited period of time to foreign investment in the agriculture sector, the Iranian deputy economy minister Behrouz Alishiri said.
Tax exemption up to 80 percent are being offered to investments in the industry and mine sector, he said, adding that the figure will be one hundred percent for a period of ten years in underdeveloped areas, IRIB quoted Alishiri as saying on Saturday.
Tax exemptions in free trade zones will be extended for 20 years, he added.
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