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Iranian newspapers, news agencies may be exempted from taxes

Business Materials 28 September 2014 14:26 (UTC +04:00)

Baku, Azerbaijan, Sept. 28

By Fatih Karimov - Trend:

Iranian newspapers and news agencies may be exempted from paying taxes.
Alireza Taribakhsh, Iranian National Tax Administration's Deputy Director, said if the bill, which was proposed to the parliament, gets approved, the newspapers and news agencies may be exempted from taxes, ISNA news agency reported Sept. 28.

He added that medical and pharmaceutical industries are exempted from paying taxes.
The national budget bill for the next Iranian calendar year prioritizes the policies of reducing dependence on oil income and increasing productivity.

The Iranian presidential office for planning and strategic supervision affairs published a communiqué, outlining 12 main policies to reduce dependence on oil income and increase productivity as the main themes of the national budget bill for the next year, Fars news agency reported on September 24.

Improving the efficiency of state-run organizations in job creation plans, downsizing the government, modifying the governmental administrative structure, boosting non-oil exports, developing productive human resources, speeding up the scientific progress, and promoting social justice are among important policies.

In June, Iranian Economy Minister Ali Tayyebnia underlined the new government and his ministry's steadfastness to resolve the existing economic problems and, meantime, decrease the country's dependence on oil revenues.

In Dec. 2013, Gholamreza Assadollahi a member of the Iranian parliament's Planning, Budget and Auditing Commission, said the share of oil revenues is expected to go further down in the next Iranian calendar year's budget to 40 percent.

The current Iranian calendar year began on March 21.

Ali Askari, Head of Iranian National Tax Administration, said "In the past couple of years, we implemented the Comprehensive Tax Plan, we created necessary capacities, the IT infrastructures was developed and installed, and the new regulations are being introduced."

"During the next few years, Iran will significantly increase its tax revenues so that these tax revenues will have a bigger share in the country's GDP," he added.

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