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Iranian official talks tax collection details

Business Materials 6 March 2018 19:36 (UTC +04:00)

Baku, Azerbaijan, March 6

By Khalid Kazimov – Trend:

Iranian National Tax Administration has collected 80 trillion tomans (about $22.8 billion) in taxes over the first 11 months of the current fiscal year (started March 20).

Deputy head of Iranian National Tax Administration, Nader Jannati, has said that 45.6 trillion tomas ($13 billion) were paid in direct taxes and 35.4 trillion tomans ($10 billion) in value-added taxes, Fars news agency reported.

He further added that most of the state-run companies have been running on losses, therefore, the amount of taxes paid by these companies is under the expectations, which are due to the country’s economic situation.

Inflation rate according to the Statistical Center of Iran stands at 8.2 percent, but Central Bank of Iran has put the figure at 9.9 percent.

The country’s economic growth over the first half of the current fiscal year (started March 20) stood at 4.5 percent. The IMF has put the figure for the current year at 3.5 percent and at 3.7 percent in the coming year.

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