Iran Chamber of Commerce: New taxation principles should be defined

Business Materials 10 November 2018 13:23 (UTC +04:00)

Baku, Azerbaijan, Nov. 10

By Elnur Baghishov - Trend:

In the current economic conditions in Iran, economic stability programs are envisaged, taxes for companies should be adjusted and new financial principles should be defined, Hossein Salahvarzi, deputy chairman of the Iran Chamber of Commerce, said in an interview with Mehr News Agency.

He said it is necessary to consider macroeconomic conditions when implementing Iran’s resistance economy policies and economic stability programs. Iranian government should improve the taxation system and increase the motivation for taxpayers by creating transparency, he noted.

There is a need for public control over the spending of revenues, he said.

He added that in order to reduce the problems in the activity of Iran’s production facilities, all taxes must be fully defined and the taxes should be adjusted to the companies’ revenues.