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 Iranís direct tax income raises 49% in first 11 months of Iranian calendar

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PostSubject: Iranís direct tax income raises 49% in first 11 months of Iranian calendar   Wed 11 Mar 2015, 10:16 am

TEHRAN: Director of the Iranian National Tax Administration, Ali Askari, said that Iranís direct tax income rose 49 percent in the first eleven months of the current Iranian calendar year as compared to same period last year.
He added that the countryís direct tax income amounted to 520 trillion rials (about $15.312 billion) during the eleven-month period, the Islamic Republic of Iran Broadcasting (IRIB).
In December 2014, Askari said Iranís direct tax income is forecast to reach 720 trillion rials (about $21.201 billion) by the end of the current Iranian calendar year.
The national budget bill for Iranian calendar year 1394 (March 2015-March 2016) has envisaged tax income of around 870 trillion rials (about $25.618 billion).
In June 2014, Iranian Finance and Economic Affairs Minister, Ali Tayyebnia, said Iranís economy is heavily dependent on oil revenues, which accounts for about 70 percent of the national budget in the current Iranian calendar year.
However, the government is determined to reduce dependence on oil through improving the tax system and the boosting of economic activities, he added.
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