Tax income rises over 51% in 7 months on year

October 31, 2023 - 16:25

TEHRAN - Iran’s tax incomes during the first seven months of the current Iranian calendar year (March 21-October 22) rose 51 percent compared to the same period of time in the previous year, Iranian Finance and Economic Affairs Ministry’s News Portal Shada reported.

According to Shada, the Iranian National Tax Administration (INTA) collected 4.08 quadrillion rials (about $8.048 billion) of taxes during the seven-month period of this year.

INTA has managed to realize the goals set for the organization in the mentioned seven months by 94 percent.

As reported, of the collected taxes, 2.6 quadrillion rials (about $5.12 billion) was related to direct taxes, and 1.48 quadrillion rials (about $2.91 billion) was the share of tax on goods and services.

Based on the INTA data, over 4.72 quadrillion rials (about $9.2 billion) of taxes were collected in the previous Iranian calendar year 1401 (ended on March 20) which was also 54 percent more than the figure for the preceding year when collected taxes amounted to 3.06 quadrillion (about $6.02 billion).

As reported, the INTA managed to realize the goals set for the organization in the previous year by 104 percent.

Iran has introduced measures in recent years to crack down on tax evasion as part of plans to rely more on domestic resources of the economy and to offset the impacts of U.S. sanctions.

INTA managed to identify and register more than 2.7 million new taxpayers across the country since the beginning of the current year. INTA had registered four million new taxpayers in the previous Iranian calendar year.

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