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Iran’s economy minister: Tax evasion should be dealt with

Business Materials 31 August 2013 17:29 (UTC +04:00)

Azerbaijan, Baku, Aug.31/ Trend F.Karimov/

Iran's Minister of Economy Ali Tayyebnia said that tax evasion in the country should be dealt with, IRIB reported.

We are planning to increase tax incomes not through raising charges, but through preventing tax evasion, he added.

The goal will be achieved through establishing a comprehensive databank on tax affairs, the minister said.

The administration will give a high priority to channeling liquidity into the production sector and provide economic enterprises with revolving capital, he noted.

In July, Iran's Tax Affairs Organization director Ali Askari said that Iran's tax revenues are projected to hit 450.8 trillion rials (about $18.1 billion) in the current Iranian calendar year, which began on March 21, up to 35 percent year on year, IRNA reported.

Value-added tax incomes account for a large share of the rise in tax revenues, he added.

Value-added tax incomes and charges are forecasted to hit 190 trillion rials, he noted.

The Iranian government's tax incomes increased by 22 percent from $2.62 billion from March 21, 2003, based on the official rate of 24,760 rials per each USD, to $14.17 billion in the last solar year which ended on March 20, which exceeded predicted figures of Iran's development plan, the Jahanesanat newspaper reported.

Some $10.50 billion taxable income had been predicted to be earned in the year end of the fourth National Development Plan that ended on March 21, 2009. However, the figure hit $12.11 billion which is 155 per cent more than the predicted amount.

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