Baku, Azerbaijan, Nov. 15
By Fatih Karimov– Trend:
The Iranian government’s revenues through imports reached 41,200 billion rials (each USD makes 35,000 rials) during the first six months of the current fiscal year (started March 20), 1.8 percent more year-on-year.
However the predicted import tax revenues in budget for the same time span was 88,600 billion rials, which indicates that the forecasted incomes is materialized by only 46.5 percent, according to a report by the country’s Central Bank.
Iran imported $23.599 billion worth of goods during the 6-month period, which indicates 15.4 percent rise in terms of value, compared to the same period of preceding year.
Iran’s budget foresees 173,800 billion rials of revenues through import taxes for current fiscal year (to be ended March 2018).
The Iranian government’s revenues through car import registered a fall by 72.6 percent during the first six months of current fiscal year (March 20-Sept. 22).
Meanwhile the country’s car imports during the same period witnessed a rise by 21 percent. Iran imported 44,695 cars, worth $1.194 billion, during the first half of the current fiscal year.
The government revenues of car import taxes stood at 1,300 billion rials, which is significantly below the forecasted figure.
Only 8 percent of the envisaged revenues via car imports (16,400 billion rials) have been realized during the 6-month period, according to the CBI.
Iran’s total tax revenues amounted to 431.2 trillion rials in the period, 0.4 percent less year-on-year.
Iranian administration earned 231.9 trillion rials of direct and 199.3 trillion rials of indirect taxes during the first six months of current fiscal year.
The country’s revenue from taxes is projected to hit 1,164.6 trillion rials by March 2018, according to the current year budget.