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Iran imposes new tax on gold coin customers

Business Materials 31 August 2020 14:11 (UTC +04:00)
Iran imposes new tax on gold coin customers

BAKU, Azerbaijan, August 31

By Elnur Baghishov – Trend:

The new tax imposed on gold coin customers who purchased coins since preceding Iranian year (from March 21, 2018, to March 21, 2019), said Saeed Hawaej, Director General of Iranian National Tax Administration’s (INTA) branch in Qazvin Province, Trend reports citing INTA.

According to Hawaej, the individuals who purchase a maximum of 200 gold coins from the Central Bank of Iran during these dates have to pay the imposed tax.

The director-general added that no tax has been imposed on those who bought up to 20 gold coins in Iran since the preceding Iranian year.

The official noted that those who bought 21-60 gold coins have to pay tax worth 1.5 million rials (about $35.7) for each gold coin.

Hawaej stressed that the individuals who bought 61-100 gold coins have to pay tax worth 2 million rials (about $47) for each gold coin.

"Also, those who buy 101-200 gold coins have to pay tax worth 2.5 million rials (about $59.5) for each gold coin," he said.

The new edition of Iran's Bahar Azadi gold coin was sold for 109 million rials (about $2,595) on August 27.

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