Baku, Azerbaijan, Aug. 24
By Umid Niayesh - Trend:
Iran's predicted tax revenues have been materialized by 84 percent during the first five months of current fiscal year (March 21-Aug. 22), head of Iran 's tax organization, Ali Askari said.
Iran's tax revenues stood at 258 trillion rials (some $8.6 billion based on official rate of 29,860 rials per each USD) during the period, Askari said, the country's state IRINN TV reported August 24.
He further said that Iran 's revenues through direct tax have materialized by 82 percent, meanwhile the figure stood at 87 percent for value-added tax (VAT) incomes in the 5-month period.
Askari forecast that the Islamic Republic's tax revenues will experience a fall in the next two months, and that the fall would be compensated in the second half of the current fiscal year.
Tax revenues are expected to account for 870 trillion rials of the country's total budget in the current fiscal year (started on March 20).
About 25 percent of the Iran 's overall economy does not pay taxes and tax evasion is the main problem of the country's taxation system.
Edited by CN
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