Iran’s tax revenues rise by 35 percent

Iran’s tax revenues rise by 35 percent

Baku, Azerbaijan, June 4

By Umid Niayesh - Trend:

Iran's tax revenues stood at 68 trillion rials (some $2.66 billion based on official rate of 25,500 rials per each USD) during the 2-month period from March 21, which indicates a rise by 35 percent compared to the same period of the preceding year.

It should be noted that Iran's fiscal year starts on March 21.

Some 88 percent of predicted tax revenues have been received during the mentioned period, deputy head of Iran Tax Organization, Hossein Vakili said, the country's official IRNA news agency reported on June 2.

Vakili went on to note that the country's tax incomes are expected to reach 600 trillion rials by the end of current fiscal year (21 March 2015).

However, head of Iran's tax organization, Ali Askari said last December that realization of the figure will be difficult considering the current taxation processes.

About 25 percent of the Iran's overall economy does not pay taxes, Askari said, adding that tax evasion is the main problem of the country's taxation system.

Earlier Iranian Economy Minister Ali Tayyebnia said that tax evasion in the country should be dealt with.

"We are planning to increase tax incomes, not through raising charges, but through preventing tax evasion," Tayyebnia added.

"The goal will be achieved through establishing a comprehensive databank on tax affairs," the minister said.

Edited by C.N.

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