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Taxes in Iranian industrial parks abolished

Finance Materials 21 June 2020 15:25 (UTC +04:00)
Taxes in Iranian industrial parks abolished

BAKU, Azerbaijan, June 21

By Elnur Baghishov – Trend:

The Iranian Cabinet of Ministers has decided to abolish taxes in the Caspian Industrial Park in the Qazvin Province and in three industrial parks in the Eshtehard county of the Alborz Province, Trend reports citing Shata news agency.

The decision was made at the suggestion of the Iranian Ministry of Industry, Mines and Trade and the Ministry of Economic Affairs and Finance, according to the report.

The Kosar, Omid Alborz and Eshtehard industrial parks in the Eshtehard county of Alborz Province and the Caspian industrial park in Qazvin Province will not be taxed.

“This decision will result in an increase in investment, manufacturing and jobs in Iran's Alborz and Qazvin provinces,” the report said.

There are 918 production facilities in the industrial parks of Iran's Qazvin Province. About 26.9 trillion rials (about 640 million) have been invested in these enterprises.

There are more than 3,500 production and industrial enterprises in the industrial parks of Iran's Alborz Province.

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