Iran's tax revenues increase
Baku, Azerbaijan, May 3
By Khalid Kazimov - Trend:
Iranian National Tax Administration managed to collect 90 percent of the planned amount of taxes over the last Iranian calendar year (ended March 20), a senior tax official said.
The head of the Iranian National Tax Administration, Seyed Kamel Taghavinejad, said that his administration collected 667 trillion rials (one dollar makes 30,321 rials according to official rate on May 3) as tax over the last year, IRNA news agency reported.
According to the official, Iran's revenue from tax has increased by 16 percent year-on-year.
In its budget plan for the last year, the government considered 750 trillion rials revenue from taxes. Meanwhile the Iranian government has plans to increase the figure to 110 trillion rials for the current fiscal year (started March 20).
While tax evasion is considered as a major problem in the country, Minister of Economic Affairs and Finance Ali Tayyebnia suggests that 43 percent of Iranian people, entities, institutions or organizations who produce goods and services are excluded from paying taxes.
According to the World Bank, Iran is the second largest economy in the Middle East and North Africa (MENA) region after Saudi Arabia, with an estimated Gross Domestic Product (GDP) in 2014 of $406.3 billion.