Iran to exempt tax on surplus assets for stock market shareholders
TEHRAN, Iran, Oct.21
Iran's government is to implement tax exemption on surplus assets for stock market shareholders, said an official in Securities and Exchange Organization (SEO), Hassan Amiri, Trend reports citing IRNA.
"The reform bill is currently being assessed, and will soon be approved, and announced to the shareholders in the capital market," he said.
He said the bill would allow the companies to identify the surplus assets as part of the shareholders' rights.
"This would be legal for all companies, and it would help to improve production and create more jobs in the corporate financial structure," Amiri said.
“The Securities and Exchange Organization has provided its necessary comments on the new bill to Iran's National Tax Administration," he added.