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Tax debt ceiling in Iran proposed to be increased tenfold

Business Materials 22 April 2014 12:43 (UTC +04:00)

Baku, Azerbaijan, Apr.22

By Fatih Karimov - Trend:

Tax debt ceiling in Iran has been proposed to be increased tenfold to 5 billion rials (about $196,000).

Iranian chamber of commerce chairman Gholamreza Shafei said the tax debt ceiling is currently 500 million rials (about $19,600), Iran's Fars news agency reported on April 22.

On January 28, ISNA reported that Iran has set the tax debt ceiling at 500 million rials, and those who owe more than 500 million rials in unpaid taxes will be banned from leaving the country.

There are currently about 4,000 people in Iran, who cannot leave the country due to tax evasion.

In August 2013, Iranian economy minister Ali Tayyebnia has said that tax evasion in the country should be dealt with, IRIB reported.

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