Baku, Azerbaijan, Feb. 13
By Saeed Isayev - Trend:
Iran's direct tax income rose by 30 percent over the ten months to January 2014 over the previous period, OPEC monthly report for Feb. 2014 said citing Iran 's Tax Affairs Organization.
Tax income amounted to around 12.7 billion during the past Iranian calendar year and it is forecasted to register nearly $18 billion in the current calendar year (ends on March 21).
The report further said tax income amounted to around 12.7 billion during the past Iranian calendar year and it is forecasted to register nearly $18 billion in the current calendar year.
Inflation eased by 0.5% in the 12 month period to December 2013, according to the Statistical Center of Iran.
This is while the Central Bank of Iran announced on Feb. 3 that the inflation rate for the 12-month period to the tenth Iranian calendar month of Dey (ended on January 22) hit 38 percent. The point-to-point inflation also stood at 28.8 percent.
The government plans to decrease the inflation rate by 6 to 7 percent by the end of the current calendar year and to below 25 percent by the end of the next Iranian calendar year.
The inflation rate has been projected to be 35 percent at the end of the current Iranian calendar year (March 20, 2014).
Meanwhile, the economy ministry showed that Iran attracted $4.85 billion in foreign investment in the last Iranian year, following $2.60 billion and $4.60 billion in 2011 and 2012, respectively.
This improvement came in part as a result of the policies aimed at increasing the share of industrial exports in non oil exports to 45 percent.
The Ministry of Industry, Mines and Trade pledged to attract $8 billion in foreign direct investment annually.
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