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Iran’s tax revenues in 5 months rise by 48 percent

Business Materials 24 August 2014 13:50 (UTC +04:00)

Tehran, Iran, Aug. 24

By Milad Fashtami - Trend:

Iran's tax revenues stood at 230 trillion rials (some $7.4 billion based on the exchange rate of USD at the free market) during the 5-month period from March 21.

Head of Iran's tax organization, Ali Askari, said that the figure shows 48 percent increase compared to the same period of the preceding year, Iran's IRNA News Agency reported on August 24.

Iran's fiscal year starts on March 21.

Iran's tax revenues (660 trillion rials or $21.29 billion) account for 34 percent of the country's total budget in the current fiscal year, which is 18 percent more than the previous year.

However, 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.

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