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Iranian parliament sets maximum $4800 annual salary to be tax exempted

Iran Materials 3 February 2014 13:11 (UTC +04:00)

Baku, Azerbaijan, Feb.3

By Fatih Karimov - Trend: The Iranian parliament (Majlis) has set the maximum salary of employees who are exempted from paying tax in the next Iranian calendar year, which begins on March 21, 2014, at 120 million rials (about $4800), the Mehr News Agency reported on Feb.3.

Average costs of Iranian families living in cities amount to 164.2 million rials (about $6,640) in the past Iranian calendar year, ISNA reported on Jan.6, citing a report published by the Statistical Center of Iran.

The figure showed a 23.8 percent rise compared to the year before.

An urban family's monthly income reached 1.39 million rials (about $560).

Meanwhile, average costs of Iranian families living in villages amount to 108.1 million rials (about $4,376) in the past Iranian calendar year.

The figure showed a 28.8 percent rise compared to the year before.

The statistics have been gathered from polling 18,535 urban families and 19,657 rural families.

Iran will increase salaries of civil servants by 18 percent in the next Iranian calendar year, which begins on March 21,2014, the Mehr News Agency quoted Iranian president's deputy for planning Mohammad-Baqer Nobakht as saying on Dec.9, 2013.

Salaries of civil servants should be increased proportional to the inflation rate, he added.

The minimum wage of civil servants is currently around 4.87 million rials (about $196).

Edited by C.N.

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