TEHRAN, Iran, Jan.2
Trend:
The idea of lifting tax exemptions in Iran's free zones that is expected to be implemented next Iranian year (began March 21,2020) within the budget plan, would concern investors, said deputy at the Supreme Council of Iran's Free Trade, Industrial and Special Economic Zones Jafar Ahangaran, Trend reports citing ILNA.
"The first advantage of free zones in attracting investments is the tax exemption. Considering the sanctions, it's not a suitable to discuss this issue, since it can create certain concerns among current investors," said Ahangaran.
"This should be discussed during an economic boom, not now," he said.
The official was commenting on the debate that lifting tax exemption at the free zones by 50 percent will create revenues for the government and compensate the oil sale cut.
"The tax exemption at Iran's free zones has only existed for 20 years and suggestion of reducing tax exemption by 50 percent is only proper in a different economic situation, not during recession," said Ahangaran.