News   /   Economy

Iran’s March-November tax revenues top $8.85 bn

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 collected some $8.85 billion worth of tax in the eight months to late November.

Iran collected around $8.85 billion worth of tax in the eight months to November 21, according to a report that cites data from the Iranian National Tax Administration (INTA).

The Saturday report by the semi-official Tasnim news agency said INTA’s total tax receipts for the March-November period had exceeded 3,100 trillion trials.

The report said the INTA had collected some 1,940 trillion rials in direct tax in the eight months to late November of which some 1,270 trillion rials were corporate receipts.

Income receipts reached more than 550 trillion rials over March-November while tax on wealth generated 114 trillion rials over the same period, said the report.

Tax on goods and services topped 1,160 trillion rials over the eight months to late November of which some 823 trillion rials were added value tax, the INTA figures showed.

INTA’s tax receipts dropped by 20% in the calendar month to late November to 400 trillion rials ($1.14 billion), said the report by Tasnim.

The Iranian government has sought to rely more on tax revenues in recent years to shore up finances hit by lower crude exports


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

www.presstv.ir

www.presstv.co.uk

SHARE THIS ARTICLE
Press TV News Roku