(MENAFN) According to Iranian officials, a government-run tax collecting system has been connected to all point of sale (POS) terminals running the nation, including POS equipment used by millions of companies.
Authorities from the Central Bank of Iran (CBI) stated on Thursday that nearly no POS terminal in Iran did not have an internet link to the nation's tax systems.
Mehran Moharramian, the CBI's director of new technologies, claimed that it had taken nearly two years to integrate all of Iran's point-of-sale systems and online payment processors.
POS terminals held by "sensitive enterprises," such as some hospitals, will only need to be partially connected to the integrated tax collecting system run by the Iranian National Tax Administration, according to Moharramian (INTA).
The CBI and the INTA are required by regulations passed by the Iranian government and parliament to deploy cutting-edge technology to combat tax fraud in the nation.
Based on the most recent reports, businesses and individuals in Iran cheat the tax system to the tune of $5 billion annually.
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