Gold shops on strike in Iran over taxes

Business Materials 24 November 2016 17:24 (UTC +04:00)

Baku, Azerbaijan, Nov. 24

By Khalid Kazimov – Trend:

A number of owners have closed gold and jewelry shops in at least three Iranian cities to protest against value added taxes.

A group of gold shops in Iranian capital city of Tehran, northern province of Zanjan and northern city of Nour have reportedly gone on strike to
protest against “the high rate of value added taxes” in the country, ISNA news agency reported.

Mohammad Safaei, the head of gold and jewelry union of Zanjan Province, has said that the owners have closed the gold shops to announce their protest against the ongoing recession in the country and the high rate of value
added taxes.

The union member said that the jewelers cannot afford paying the 9-percent value added taxes due to the ongoing recession in the country.