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Iran’s direct tax income surpasses $10b in 7 months


Iran’s direct tax income surpasses $10b in 7 months



Iran’s direct tax income amounted to 330 trillion rials (about $10.3 billion) in the first seven months of the current Iranian calendar year (March 21-October 22), according to Iranian National Tax Administration Director Ali Askari.

He added that the national budget bill for Iranian calendar year 1393 (March 2014-March 2015) has envisaged the 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 investments and spur economic activities.

The Iranian economy is heavily dependent on oil revenues, which accounts for about 70 percent of the national budget in the current Iranian calendar year, Tayyebnia added. However, the government is determined to reduce dependence on oil through improving the tax system and the boosting of economic activities, he added.