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Iran says tax incomes must grow by 33 percent

Business Materials 16 August 2012 17:13 (UTC +04:00)
Tax income in the country must grow this year and reach 33 percent growth, the head of the State Tax Affairs Organization Ali Askari said
Iran says tax incomes must grow by 33 percent

Azerbaijan, Baku, Aug. 16 /Trend S.Isayev, T. Jafarov/

Tax income in the country must grow this year and reach 33 percent growth, the head of the State Tax Affairs Organization Ali Askari said, IRNA reported.

Askari noted that to succeed with the 5th five-year development plan, the tax income in Iran must grow.

According to the 5-year development plan, government's expenses can only go over the budget limit by 10 percent, not more, Askari added.

Iran earned some 100 trillion rials (about $8.2 billion) as tax income during the first four months of the current calendar year, which began on March 19, Askari said on Aug.3.

The figure equals to 26 percent of the total forecasted tax income for the current year, the Fars News Agency quoted Ali Askari as saying.

This year's budget law has envisaged earning 340 trillion rials (some $27.7 billion) as tax income, he said, adding that the figure would reach 390 trillion rials (some $31.8 billion) taking value-added tax into account.

The fifth five-year development plan says the administration's current affairs budget should be secured totally through tax incomes.

Askari also said Iran's economy must divide the revenues from oil and energy sectors, and invest it into local production.

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