Baku, Azerbaijan, July 16
Trend:
The Iranian government’s revenues from selling cigarettes registered a rise by 17.1 percent during the last fiscal year, ended March 20.
The government revenues of indirect taxes imposed on cigarette sales stood at 3,900 billion rials in 12 month period (each USD made 38,000 rials at the time), Iran’s central bank (CBI) said in a report.
The figure was 3,300 billion rials and 2,600 billion rials for the 12-month period of previous fiscal years (2016-2017 and 2015-2016).
The Iranian budget foresaw 4,600 billion rials of revenues for government via taxes imposed on the sale of cigarettes for the last fiscal year, which means the forecasted revenues materialized by 85 percent.
The tax revenues imposed on the sale of cigarettes for the 12-month period was equal to 0.3 percent of overall taxes revenues in the period.
About 55 billion cigarettes are smoked in Iran annually.
Iran’s cigarette output stood at 49.3 billion in last fiscal year, 69 percent more year-on-year. The country’s cigarette import witnessed a significant fall by 76 percent in the same time and amounted to 3.27 billion.
Iran’s total tax revenues amounted to 1,158.4 trillion rials in the last fiscal year. Iranian administration earned 531.5 trillion rials from direct taxes, 7.6 percent more year-on-year.
Meanwhile the figure was 626.9 trillion rials for indirect taxes, registering a 20.4 percent rise compared to the preceding year.