Iran’s tax revenues hit $11.5 billion over five months

Iran Materials 26 September 2012 12:46

Azerbaijan, Baku, Sep.26/ Trend F.Milad/

Iran's direct and indirect tax incomes totalled 141 trillion rials (some $11.5 billion) during the first five months of the current Iranian calendar year which began on March 20, the deputy director of the State Tax Affairs Organization stated.

"The figure grew by 12 per cent compared to the same period last year," the IRNA news agency quoted Mohammad-Qasem Panahi as saying on Wednesday.

He put the total sum of tax revenues last year at 280 trillion rials (some $23 billion).

Tax incomes account for some seven per cent of the country's gross domestic product compared to the minimum and the maximum figures of 10 per cent and 34 per cent in the world.

On August 10, the State Tax Affairs Organisation's director Ali Askari said that the current year's budget law has envisaged earning 340 trillion rials (some $27.7 billion) as tax income.