Iran’s tax revenues hit $18B in 9 months

Business Materials 25 December 2016 11:04 (UTC +04:00)

Baku, Azerbaijan, Dec. 25

By Fatih Karimov – Trend:

Iran's tax income amounted to 580 trillion rials ($17.95 billion based on official rate of 32,318 rials per each USD) in the first nine months of the current Iranian fiscal year (March 20-Dec. 21), Kamel Taghavinejad, head of Iran's tax organization, said.

Taghavinejad said that the figure indicates an increase by 28 percent compared to the same period of the preceding year, Iran's state-run IRINN TV reported Dec. 25.

Ninety-two percent of the tax income envisaged by the national budget bill has been realized, he noted.

Taghavinejad further said that the value of tax evasion in the county is between 130 trillion - 300 trillion rials.

While tax evasion is considered as a main 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.