Iran sets tax debt ceiling at $20,000
Baku, Azerbaijan, Jan.28
By Fatih Karimov - Trend: Iran has set the tax debt ceiling at 500 million rials (about $20,000), ISNA reported on Jan. 28.
Those persons who owe more than 500 million rials in unpaid taxes will be banned from leaving the country.
There are currently about 4,000 persons in the country that cannot leave the country due to tax evasion.
In August 2013, Iranian economy minister Ali Tayyebnia has said tax evasion in the country should be dealt with, IRIB reported.
We are planning to increase tax incomes, not through raising charges, but through preventing tax evasion, he added.
The goal will be achieved through establishing a comprehensive databank on tax affairs, the minister said.
The administration will place a priority on channeling liquidity into the production sector and provide economic enterprises with revolving capital, he noted.
Iran's direct taxes revenues have increased by 28 percent during the first seven months of the current Iranian calendar year (started on March 21) compared to the same period of last year, head of Iranian Taxes Affairs Organization, Ali Askari said, Mehr news agency reported on Nov. 8.
The direct taxes income amounted to 219 trillion rials or about $8.79 billion based on the official rate of 24,900 rials per each USD during the mentioned period.
Askari also underlined that people in Iran are in debt to the Iranian taxation system in the amount of 100 trillion rials (about $4 billion), which have not yet been claimed.
We are planning to increase the share of taxes in the next year's budget bill, he said, without unveiling any exact details.