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Iranian government’s revenues via car import up by 63%

Business Materials 16 July 2017 15:06 (UTC +04:00)

Baku, Azerbaijan, July 16

By Fatih Karimov– Trend:

The Iranian government’s revenues through car import registered a rise by 63 percent during the fiscal year to March 20, the country’s Central Bank reported.

The government revenues of car import taxes stood at 26 trillion rials (each USD makes 32,000 rials), which indicates a significant rise compared to 16 trillion rials of incomes during the preceding year (ended March 20, 2016).

However, about 76 percent of the envisaged revenues via car imports (34 trillion rials) have been realized during the 12-month period, according to the CBI.

Iran’s total tax revenues amounted to 1,014.7 trillion rials ($31.7 billion) in the last Iranian fiscal year (March 20, 2016-March 20, 2017), 28 percent more year-on-year.

The country’s revenue from taxes is projected to hit 1,120 trillion rials ($33.9 billion) during the current fiscal year.

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