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Iran introduces tax exemption on export of oil and petrochemical

Oil&Gas Materials 13 October 2022 14:04 (UTC +04:00)
Iran introduces tax exemption on export of oil and petrochemical

TEHRAN, Iran, October 13. The Iranian government has exempted exporters of oil and petrochemical products from income tax, Trend reports citing Mehr News Agency.

Following this policy, revenue from the export of mineral, oil, petrochemical, gas, and petrochemical products will be exempted from taxation.

The government bill has been passed in compliance with the budget law of the current Iranian year (started March 21, 2022), and the agenda is to increase production, boost startup companies and prevent the export of products that are needed in the country.

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