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                                        Volume. 12160

Iran’s 3-month direct tax income rises 48%: official
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c_330_235_16777215_0___images_stories_edim_04_ma1(27).jpgTEHRAN - Iran’s direct tax income rose 48 percent in spring 2014 compared to spring 2013, according to Iranian National Tax Administration Deputy Director Hossein Vakili.
 
The country’s direct tax income amounted to 107 trillion rials (about $3.3 billion) in spring 2014, which corresponds to the first three months of the current Iranian calendar year (March 21-June 21), the IRNA news agency quoted Vakili as saying on Saturday. 
 
Last December, Iranian National Tax Administration Director Ali Askari said the national budget bill for Iranian calendar year 1393 (March 2014-March 2015) has envisaged tax income of around 660 trillion rials (about $20.6 billion).
 
On June 16, Iranian Finance and Economic Affairs Minister Ali Tayyebnia said the government is preparing a comprehensive incentive plan on taxes to attract investment and spur economic activities. 
 
Tayyebnia said the Iranian economy is heavily dependent on oil revenues, which account for about 70 percent of the national budget in the current Iranian calendar year.
 
However, the government is determined to reduce dependence on oil through improving the tax system and boosting economic activities, he added.
 
MA/HG

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