Iran’s Trade Promotion Organization grants tax exemption to exporters
Baku, Azerbaijan, Jan.6
By Fatih Karimov - Trend:
The Trade Promotion Organization of Iran has granted tax exemption to all domestic exporters, IRIB quoted Hossein Hosseini, an official with the organization, as saying on Jan.6.
The fifth five-year national development plan (2010-2015) has stipulated exempting exporters from paying taxes. But, last year the exemption was canceled due to fluctuations in the foreign currency market, he added.
The international sanctions had stopped banking transactions by exporters. On the other hand, tax exemptions had been removed. In addition, they had to pay 6 percent as value-added tax, he explained.
One of the main demands of the exporters was the removal of limitations on tax exemption for crude oil exports, he noted.
Iran exported over USD 29 billion worth of non-oil commodities in the first nine months of the current Iranian calendar year, which began on March 21, despite the US-engineered sanctions against the country, PressTV reported.
According to the latest data released by the Iranian Customs Administration, Iran exported USD 29.24 billion worth of non-petroleum goods, including petrochemical products, during the nine-month period, marking an 11.8-percent rise in terms of weight from the previous year.
Petrochemical products accounted for more than USD 8 billion of the country's overall non-oil exports.
Iran also exported USD 6.363 billion of gas condensates and 14.761 billion worth of other goods during the same period.
Iron ore, methanol and urea were Iran's main exports respectively valued at USD 1.33 billion, USD 877 million and USD 866 million.