Iran's tax revenues increase

Finance Materials 23 August 2022 13:49
Tehran, Iran Trend News Agency
Iran's tax revenues increase

Iran's tax revenue in the first four months of the current Iranian year (started March 21,202) has 65 percent growth, said the head of the Iranian National Tax Administration Davood Manzour, Trend reports citing IRNA.

The report issued by the National Tax Administration indicates the Ministry of Road and Urban Development has received information about owners of 520,000 empty residential units that are slated to pay 102 trillion rials (about $2.5 billion) in taxes.

The administration has also started receiving 1.5 trillion rials (about $37 million) in taxes from owners of luxury cars, he noted.

The report shows that 2,500 tax evaders were banned from leaving the country until they have paid 12 trillion rials (about $285 million) taxes, while 10 tax evaders were sentenced to ten years in prison.

According to the official, the Central Bank of Iran will separate commercial and non-commercial accounts by the end of the current Iranian year and owners of commercial accounts should declare their activities to the National Tax Administration.

The administration is to prepare a draft for tax law to obligate any individual to submit the declaration of tax and revenue.