Iran to annul tax exemption law
Azerbaijan, Baku, Oct.28/ Trend G.Mehdi/
Iran will annul the tax exemption law once it is ratified by the Guardian Council, IRNA quoted State Tax Affairs Organization's Director Ali Askari as saying.
On October 24, the parliament (Majlis) approved a bill to amend the direct taxation law, he said, adding that once the amendment is ratified by the Guardian Council, the tax exemption law will be annulled.
Iran's direct and indirect tax incomes totaled 141 trillion rials (some $11.5 billion) during the first five months of the current Iranian calendar year, which began on March 20, IRNA reported.
The figure grew by 12 percent compared with the same period last year, according to the report.
On August 10, Askari said that the current year's budget law has envisaged earning 340 trillion rials (some $27.7 billion) as tax income.
Iran gained as much as 280 trillion rials (some $23 billion) in tax incomes in the past calendar year. Direct tax incomes accounted for 220 trillion rials of the total sum.