...

Iran value-added tax incomes up by 37 per cent in H1

Business Materials 31 October 2012 14:40 (UTC +04:00)

Azerbaijan, Baku, Oct. 31/ Trend F.Milad/

The value-added tax (VAT) incomes of Iran rose by 37 per cent in the first six months of the current Iranian calendar year which began March 20, compared to the same period previous year, ISNA News Agency quoted the Iranian Tax Organisation's deputy director, Alireza Taribakhsh, as saying on Tuesday.

Taribakhsh had previously said on October 20 that the value-added tax (VAT) incomes of Iran rose by 18 per cent during the summer this year compared to spring.

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

Iran's direct and indirect tax incomes totalled 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 per cent compared with the same period last year, according to the report.

On August 10, the State Tax Affairs Organisation's director Ali 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.

Latest

Latest