Iranian employees with maximum $5800 annual salary are tax exempted
Azerbaijan, Baku, Feb.5 / Trend F.Mehdi/
Iranian employees whose annual salary amounts to maximum 72 million rials (about $5800) are exempted from paying income tax, IRIB quoted State Tax Affairs Organization's director Ali Askari as saying.
Iran has earned 240.13 trillion rials (about $19.5 billion) tax revenues during the first ten months of the current Iranian calendar year, which began on March 20, 2012, Askari added.
The revenues collected were 17 percent higher than the figure corresponding to the same period in the previous year, he noted.
Iran's Finance and Economic Affairs Ministry has set the target of 430 trillion rials (about $35 billion) in tax incomes for the next Iranian calendar year, while the State Tax Affairs Organization has cast a doubt on realizing the goal, ILNA reported.
The organization has said that this year's tax revenues had been projected to hit 360 trillion rials (about $29 billion), but just 90 percent of the planned sum will be earned in the most optimistic case.
On January 1, the Fars News Agency quoted Askari as saying that the Iranian administration earns about 43 percent of its current budget through tax incomes.
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, 2012, 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, 2012, 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, 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 tax incomes, he said, adding that tax incomes will be the main sources of securing the state budget.