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Iran's tax revenues increase

Finance Materials 20 November 2021 10:12 (UTC +04:00)
Iran's tax revenues increase

TEHRAN, Iran, Nov.20

Trend:

The Iranian government's tax revenues have increased by 62.5 percent during the first six months of the current Iranian year (started March 21, 2021), compared to the same period of the last Iranian year (started March 20, 2020), Trend reports citing IRNA.

The latest reports indicate that the budget reliance on tax revenues increased in recent years due to decline of oil export revenues.

Tehran Chamber of Commerce released a report showing that tax revenues in the first half of the current Iranian year (started March 21, 2021) stood at 139 trillion rials (about $33 billion).

Tax revenues have in summer reached about $19 billion, which was a 36-percent increase compared to the same time in the previous year.

The statistics show revenues from direct tax and goods and services taxes (GST) have increased during this period by 58 and 70 percent respectively.

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