Iran’s annual tax income hangs in the balance
Azerbaijan, Baku, Jan. 21 / Trend F.Mehdi/
Iran's Finance and Economic Affairs Ministry has set the target of 430 trillion rials (about $35 billion) in taxable income for the next Iranian calendar year which begins on March 21, while the State Tax Affairs Organisation has cast doubt over realising the goal, ILNA reported.
The organisation said that this year's tax revenues had been projected to reach 360 trillion rials (about $29 billion), but just 90 per cent of the planned sum will be earned in the most optimistic case.
On January 1, the Fars News Agency quoted the State Tax Affairs Organisation's director Ali Askari as saying that the Iranian administration earns about 43 per cent of its current budget through tax incomes.
"According to the fifth five-year national development plan (2010-2015), 100 per cent of the necessary sum should be secured through taxable income by the year end of the plan," he added.
On November 28, 2012, Askari said that Iran gained roughly 194 trillion rials (about $16 billion) in direct taxable income during the first eight months of the current Iranian year.
On December 12, 2012, the Fars News Agency quoted the State Tax Affairs Organisation's deputy director Hossein Vakili as saying that Iran foresees 370 trillion rials (about $31 billion) in tax revenue and 110 trillion rials (about $9 billion) in chargeable income for the next Iranian year.
The next year's national budget bill has envisaged 370 trillion rials in tax revenue compared to 340 trillion rials in the current year's budget bill, he said, adding that chargeable income has been anticipated to remain unchanged at 110 trillion rials.
On October 31, 2012, 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 taxable incomes, he said, adding that these will be the main sources of securing the state budget.