4% of taxes in Iran paid by guilds

Business Materials 10 May 2016 22:20 (UTC +04:00)

Tehran, Iran, May 10

By Mehdi Sepahvand - Trend:

Iranian guilds pay 4 percent of the country's taxes, said Kamel Taqavinejad, chairman of the Iranian Taxation Affairs Organization.

He added 76 percent of guilds with tax records pay less than 5,000,000 rials ($150) per year, IRNA news agency reported May 10.

This is while addressing each taxation case costs 10,000,000 rials, he said.

The official elsewhere said the organization has reached an agreement with the Chamber of Guilds to keep tax rates for guilds at last year's level.

The National Iranian Tax Administration managed to collect 90 percent of the planned amount of taxes last Iranian calendar year (ended March 20).

The bureau collected 667 trillion rials (one dollar makes 30,321 rials according to official rate on May 3) as tax over the said period.

Iran's revenue from tax therefor showed a jump of 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.