Tax incomes account for 43 percent of Iranian administration’s current budget

Business Materials 1 January 2013 10:37 (UTC +04:00)

Azerbaijan, Baku, Jan. 1 / Trend F.Mehdi/

The Iranian administration earns about 43 percent of its current budget through tax incomes, the Fars News Agency quoted State Tax Affairs Organization's director Ali Askari as saying.

According to the fifth five-year national development plan (2010-2015), 100 percent of the needed sum should be secured through tax incomes by the ending year of the plan, he added.

On November 28, Askari said that Iran gained roughly 194 trillion rials (about $16 billion) in direct tax incomes during the first eight months of the current Iranian year.

On December 12, the Fars News Agency quoted State Tax Affairs Organization's deputy director Hossein Vakili as saying that 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 year.

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 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.