TEHRAN,Iran, Jan.8
Trend:
Approving the bill to eliminate tax exemption for Iran's free zones is very unlikely, said Secretary of the Supreme Council of Iran's Free Trade, Industrial and Special Economic Zones Morteza Bank, Trend reports via ILNA.
"Nothing has been discussed with us so far regarding the tax reduction, bu it is unlikely to be approved by the parliament in the next Iranian year (begins March 21, 2020) budget plan," Bank said.
"Tax is a pivotal issue for free zones. The important part of law in free zones around the world is tax exemption and the individuals who discussed this issue, are not aware of the free zone law," he added.
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, Supreme Council of Iran's Free Trade, Industrial and Special Economic Zones Jafar Ahangaran said previously.
"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.