Iranian enterprises should expect good news about insurance rates

Business Materials 12 July 2016 11:13 (UTC +04:00)

Tehran, Iran, July 11

By Mehdi Sepahvand – Trend:

The owners of private enterprises in Iran should expect good news about a change in social security insurance tax rates, Tehran Chamber of Commerce Secretary Fatemeh Moqimi said.

Tehran Chamber President Hossein Khansari held meetings with First Vice President Es’haq Jahangiri which, coming out with some good results, Moqimi told Trend July 10.

However, she did not provide further details, saying, “Let the official news come out as a piece of legislation after a prospective meeting.”

By the meeting she was referring to one that was promised by the Parliament and Ministry of Industry a day earlier during a ceremony marking Iran’s Industry Day. During the meeting, several industrialists raised concern over the heavy tax they have to pay to the Social Security Organization.

The law requires Iranian enterprises to pay the equal of 30 percent of their paid salaries and wages to the organization for insurance.

After business owners in the festival on July 9 successively complained that the heavy taxation has deprived them of the chance to attend to developmental projects, they were promised a chance to plea before the Parliament and Ministry of Industry in a few days.

In the meantime, Ministry of Industry Mohammad Reza Nematzadeh speaking to Trend after the festival downplayed the meeting and said that changing the law would not be easy.