TEHRAN- Saeed Rasouli, the deputy head of Islamic Republic of Iran Railways (known as RAI), announced that the rail transportation sector has been exempted from paying a nine-percent-Value Added Tax (VAT), IRIB reported on Monday.

“All the private railway transportation companies are qualified for the VAT exemption, which would reduce the final costs of their provided services for nine percent, as well,” Rasouli said.
“The act will improve competitiveness among domestic companies and would result in quality services,” he added.

HJ/MA