News   /   Economy

Iran says all POS terminals connected to its integrated tax system

Iranian government says all POS terminals in the country have been connected to its tax system.

Iranian authorities say all point of sale (POS) terminals operating the country, including POS machines used by millions of businesses, have been connected to a government-run tax collection system.

Central Bank of Iran (CBI) authorities said on Thursday that there was almost no POS terminal in Iran without an online connection to the country’s tax systems.

CBI’s head of modern technologies Mehran Moharramian said that connecting all POS machines and online payment gateways operated by businesses and companies in Iran had taken almost two years to finish.

Moharramian said that only a limited number of POS terminals owned by “sensitive businesses”, including some hospitals, will need to be fully connected to the integrated tax collection system controlled by the Iranian National Tax Administration (INTA).

The Iranian government and parliament have approved laws requiring the CBI and the INTA to use modern technologies to crack down on tax evasion in the country.

Reports say tax dodging by businesses and individuals is costing Iran around $5 billion per year.

The INTA also plans to introduce an automated point-of-sale system which it wants to be deployed by all businesses in Iran in the upcoming years.

The Iranian tax authority says increased use of modern technologies and better tax collection methods has led to a major rise in its receipts.

A report by the INTA in June said it had collected 610 trillion rials (over $2 billion) in taxes in the two months to late May, up 55% compared to the similar period last year.

That comes as Iran 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).


Press TV’s website can also be accessed at the following alternate addresses:

www.presstv.co.uk

SHARE THIS ARTICLE
Press TV News Roku