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Iran Chamber of Commerce seeks to lift export tax exemption

Business Materials 27 April 2022 14:27 (UTC +04:00)
Iran Chamber of Commerce seeks to lift export tax exemption

TEHRAN, Iran, April 27. Iran's Chamber of Commerce is planning to eliminate export tax exemption, Alireza Kolahi the head of the industrial commission at Iran the Chamber, told Trend.

"Removing tax exemption for export of upstream industry materials and raw materials will result in some $10-billion revenue for the government," he said.

Kolahi said the tariffs and the tax policies are the best options to maintain the domestic market, and these policies would help set the logical price for basic materials that the industries require.

"Collection of export duty can be a solution for industrial development and improve domestic production that could be done by consulting private sector," he said.

He went on to say that imposing a 0.5 percent tax on exported agriculture products could provide the financial resources needed for the reform of water transfer structures.

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