Iranian Central Bank pays $52 million in gold coin taxes
Azerbaijan, Baku, August 7/ Trend, M. Moezzi
The Iranian Central Bank has paid $52 million in taxes for its pre-sales of gold coins, the Islamic Republic News Agency (IRNA) reports.
Of the $52 million the Central Bank has paid in taxes, a little more than $17 million has been in value added taxes, said the State Tax Organization's Director, Ali Asgari.
Last year, the tax agency received a total of $35 million in revenues from the value added tax on gold coins, said Mr. Asgari.
The gold coins held by the public or coin sellers aren't taxed and neither are gold futures on the stock exchange.
Overall, Iran has collected more than $8.2 billion in taxes while incomes have grown 11 percent compared to last year and with that 90 percent of the four-month tax revenue projected in the budget has been collected.