Iran fails to materialize predicted car import revenues
Baku, Azerbaijan, Feb. 8
The Iranian government’s revenue through car imports has registered a fall by 31.2 percent during the first nine months of the current fiscal year (March 20-Dec. 20, 2017).
Meanwhile the country’s car imports during the same period witnessed a rise by 16 percent to $1.5 billion.
The government revenues of car import taxes stood at 7,800 billion rials (each USD makes 37,000 rials), which is significantly below the forecasted figure (24,300 billion rials), according to the country’s Central Bank data.
Only 32 percent of the envisaged revenues via car imports have been realized during the 9-month period, according to the CBI data.
Meanwhile the country’s revenue from car import taxes is projected to hit 32,200 billion rials by March 2018, according to the current year's budget.
The Iranian government’s total tax revenues amounted to 683.8 trillion rials during the first nine months of the current fiscal year (started March 20, 2017), 4.4 percent more year-on-year.
Iranian administration earned 336.3 trillion rials from direct and 347.5 trillion rials from indirect taxes during the first nine months of the current fiscal year, the country’s Central Bank said.
The country’s revenue from taxes is projected to hit 1,164.6 trillion rials by March 2018, according to the current year's budget.
The Iranian government’s revenues through imports reached 87,200 billion rials during the 9-month period, 15.5 percent more year-on-year.
The predicted import tax revenues in budget for the same time period was 131,400 billion rials, which indicates that the forecasted incomes is materialized by 66 percent.
Iran imported $37.6 billion worth of goods during the 9-month period, which indicates an 18 percent rise in terms of value, compared to the same period of the preceding year.
Iran’s budget foresees 173,800 billion rials of revenues through import taxes for current fiscal year (to end on March 2018).