Iran abolishes taxes for exports
BAKU, Azerbaijan, Jan. 21
By Elnur Baghishov - Trend:
The Iranian parliament has abolished taxes on exports of goods and services to other countries and free trade zones, Trend reports referring to Mehr news agency.
According to the draft law approved by the Iranian parliament, taxes on exports of goods and services won’t be applied if there is confirmation from the Iranian Customs Administration, Iran’s official representative office in a country to where goods are exported, as well as from the Central Bank of Iran about the return of foreign currency obtained from exports.
The draft law, approved by the Iranian parliament, reads that no taxes on exports of crude oil, oil products (gasoline, diesel fuel, fuel oil, white oil, liquefied gas and jet fuel), natural gas and electricity swap will be applied.
According to the draft law, services provided by individuals living in Iran (Iranian citizens, individuals and legal entities residing in Iran, affiliates of foreign companies in Iran) are considered as export-related services and will be exempt from taxes if they are provided in and outside the country and result in foreign currency inflow to Iran.