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Over 5% of Iran’s 2013 GDP obtained from tax income

Business Materials 8 August 2015 12:19 (UTC +04:00)

Tehran, Iran, August 8

By Mehdi Sepahvand -- Trend:

The International Monetary Fund (IMF) has released statistics. Iran's tax revenue has comprised five percent of the country's gross domestic product (GDP) in 2013.

Accordingly, Iran's total income and tax revenue made up 14.08 and 5.25 percent of the country's GDP respectively, IRNA news agency reported August 8.

The analysts believe inflation, currency rates, oil revenue and the GDP have the greatest impact on Iran's tax revenue.

Last Thursday the IMF launched a system of reporting 186 countries' tax and non-tax annual revenues. The statistics dating from 1990 to 2013 is available.

Iran's tax income amounted to $18.5 billion in the period between March 21, 2014 and February 19, 2015, indicating an increase by 49 percent compared to the same period of the preceding year.

Iranian Deputy Minister of Economy Ali Askari has recently said it is predicted that Iran's tax revenue will surpass that of oil in the current Iranian fiscal year (which started March 21), hitting 750 trillion rials ($25.6 billion).

Iran's GDP decreased from $557.9 billion in 2012 to $415.3 billion in 2014, according to the World Bank's estimation.

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