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Iran tax revenues to rise by 13.5 percent

Business Materials 23 April 2014 11:44 (UTC +04:00)

Tehran, Iran, April 23

By Milad Fashtami - Trend:

Iran's tax revenues are expected to rise by 13.5 percent in the current Iranian calendar year (which started on March 21).

Ali Asgari said that the total figure is expected to reach 520 trillion rials (some $16.77 billion based on the exchange rate of USD at the free market), Iran's IRIB News Agency reported.

Head of Islamic Republic of Iran Tax Organisation (IRITO) went on to note that country's total tax revenues stood at 456 trillion rials.

"The country earned some 130 trillion rials through value added tax previous year," he explained, adding that the figure is expected to reach 180 trillion rials in the current year.

"The main tax debtors are state-owned companies," Asgari noted.

"Some state-owned companies' tax debts even amount to one or two trillion rials," he said.

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