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Iran's Central Bank owes $1B in taxes

Finance Materials 9 January 2019 12:58 (UTC +04:00)

Tehran, Iran, Jan.9

Trend:

The Deputy Head of Iran's National Tax Administration (INTA) has announced that the Central Bank had to pay $1 billion worth of taxes, but has not yet taken any steps in this regard.

"Over the past 9 months of this year (started on March 21, 2018), we had collected over $16 billion worth of taxes, while according to the plan, we had to receive some $20 billion,” INTA’s deputy head, Nader Jannati said, Trend reports citing Mehr News Agency.

"Out of the $4 billion that have not been realized, about $1 billion is the Central Bank`s debt to INTA, which has been repeatedly reported to the Central Bank, but no response was given," Jannati said.

"We plan to fully gather the revenues within the 3 remaining months, till the next Iranian year (start on March 21, 2019),” he added.

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