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Economy minister: Iran’s taxation system should be overhauled

Business Materials 12 December 2012 17:37 (UTC +04:00)

Azerbaijan, Baku, Dec. 12/ Trend G.Mehdi/

The existing taxation system in Iran is suffering from profound shortcomings both in regulations and in processes and it should be overhauled, IRNA quoted Finance and Economic Affairs Minister Shamseddin Hosseini as saying.

Tax paying should be promoted in the society more than the past, he said, adding that attaining objectives of the national economic development plan requires extensive modifications in the whole taxation system.

Iran foresees 370 trillion rials (about $31 billion) in tax revenues and 110 trillion rials (about $9 billion) in charges income for the next Iranian fiscal year, which begins on arch 21, 2013, the Fars News Agency quoted State Tax Affairs Organization's deputy director Hossein Vakili as saying on Saturday.

The next year's national budget bill has envisaged 370 trillion rials in tax revenues, compared to 340 trillion rials in the current year's budget bill, he said, adding that charges income has been envisaged to remain unchanged at 110 trillion rials.

On November 28, ISNA quoted State Tax Affairs Organization's director Ali Askari as saying that Iran gained roughly 194 trillion rials (about $16 billion) in direct tax incomes during the first eight months of the current Iranian calendar year, which began on March 20.

He added that direct and indirect tax incomes grew by 20 percent and 43 percent compared to the same period in the previous year.

On October 31, ILNA quoted Tehran Chamber of Commerce Chairman Yahya Al-e Es'haq as saying that Iran will replace oil incomes with tax revenues in the next calendar year's national budget act.

The next year's budget act has paid special attention to tax incomes, he said, adding that tax incomes will be the main sources of securing the state budget.

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