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Iran tax receipts rise 55% y/y in 2 months to late May

US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)
Iran’s tax office says receipts rose by 55% in the two months to late June to 610 trillion rials ($2 billion)

The Iranian National Tax Administration (INTA) says tax receipts in the two months to May 21 rose by 55% compared to the similar period last year.

INTA’s Director General Davoud Manzur said on Monday that the government body had collected 610 trillion rials (over $2 billion) in taxes in the two first months of the current calendar year.

Manzur said the figure does not include the customs tax revenue collected by the government over the same period.

The announcement comes several days after the INTA said its income tax receipts had exceeded 51 trillion rials ($170 million) for the two months to late May, of which nearly 32 trillion rials were corporate income tax.

Iran has pushed to increase its tax revenues in recent years mostly through preventing tax avoidance and evasion by businesses.

The push is aimed at shoring up government finances that have been affected by American sanctions on Iran’s oil exports.

Manzur said the INTA will this month unveil a prototype of its automated point-of-sale system which it wants to be deployed by all businesses in Iran in the upcoming years.

The INTA chief said a full deployment of the system, which seeks to prevent tax dodging, will take several years although he insisted it will be faster than other countries with similar experiences.

Iran’s tax receipts are expected to increase this calendar year with the implementation of a parliament legislation that imposes tax on vacant homes and luxury goods.

The country had reported a tax receipt increase of 61% in rial terms for the 11 months to late February at around 2,780 trillion rials ($10.69 billion).

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