Iran's Tax Incomes Rise by 49 Percent in First Month of New Year
(MENAFN) Iran's tax incomes for the first month of the current Iranian calendar year 1402 (March 21-April 20) increased by 49 percent compared to the same period of the previous year, according to the head of the Iranian National Tax Administration (INTA), Mohammad-Hadi Sobhanian. INTA collected 430 trillion rials (about $815 million) of taxes during the mentioned month, with direct taxes accounting for 190 trillion rials (about $360.1 million) and tax on goods and services accounting for 240 trillion rials (about $454.9 million).
This significant rise in tax incomes is a positive development for Iran's economy, as it seeks to reduce its dependence on oil exports and promote greater economic independence. The increase in tax incomes is also a reflection of the government's efforts to combat tax evasion and promote greater compliance with tax laws.
In the previous Iranian calendar year 1401, Iran's tax income reached over 4.7 quadrillion rials (about $8.9 billion), registering a 54 percent rise year on year. This demonstrates the government's continued efforts to promote tax compliance and increase tax revenues.
In late October 2022, former INTA Head Davoud Manzour announced that INTA had taken serious measures to combat tax evasion in the previous year. The organization discovered more than 170 tax evasion cases, and the violators were faced with heavy penalties. Manzour noted that one of the most common methods of tax evasion is the creation of shell companies.
However, there are many problems with regulations and laws regarding company establishment, and there is a lack of necessary strictness. This is evident in cases involving business cards and credit cards, as well. These issues need to be addressed to promote greater compliance with tax laws and reduce the prevalence of tax evasion.
Overall, the rise in tax incomes for the first month of the new Iranian calendar year is a positive development for Iran's economy and demonstrates the government's commitment to promoting tax compliance and combating tax evasion. As Iran continues to promote non-oil exports and attract foreign investment, the role of tax revenues in supporting economic growth and development is expected to become even more critical in the coming years.
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