Irani VAT incomes rise by 18 percent in summer

Business Materials 20 October 2012 17:17 (UTC +04:00)

Azerbaijan, Baku, Oct.20/ Trend G.Mehdi/

The value-added tax (VAT) incomes of Iran rose by 18 percent during summer this year compared to spring, ISNA quoted the Deputy Director of Iranian Tax Organization, Alireza Taribakhsh, as saying.

He added that some 600 billion rials (around $49 million) was collected in VAT during winter last year, while the figure was around 320 billion rials (some $26 million) in spring last year.

Iran's direct and indirect tax incomes totaled 141 trillion rials (some $11.5 billion) within the first five months of the current Iranian calendar year, which began on March 20, IRNA reported.

According to the report, he figure grew by 12 percent compared with the same period last year.

The Director of State Tax Affair Organization Ali Askari said the current year's budget law envisages tax income in the amount of 340 trillion rials (some $27.7 billion)

Iran gained as much as 280 trillion rials (some $23 billion) of tax income in the past calendar year. Direct tax incomes accounted for the total sum of 220 trillion rials.