Iran tax revenues at over Rls 348 trillion in 9 months to late December: MEFA

Figures by the Iranian Ministry of Economic Affairs and Finance (MEFA) show the country collected more than Rls 3,487.37 trillion ($8.7 billion) in tax revenues in the nine months to December 21.

The figures published on Sunday showed that Iran’s March-December tax revenues were more than last calendar year’s total of Rls 3,250 trillion.

The nine-month tax income exceeded a target of Rls 3,396.07 trillion set in Iran’s annual budget for the entire calendar year to late March, said MEFA.

It said direct tax had accounted for Rls 2,190 trillion or nearly 63% of all receipts in the nine months to late December of which some Rls 1,440 trillion was corporate tax, adding that Iran’s revenues from income tax and tax on wealth had reached Rls 624 trillion and Rls 130 trillion, respectively, over the same period.

Tax on goods and services reached a total of Rls 1,280 trillion in the March-December period, said MEFA.

It cited figures by the Iranian National Tax Administration (INTA) showing that its tax receipts had reached Rls 380 trillion in the calendar month to late December.

MEFA said several reasons had contributed to better tax revenues for Iran, including a decision earlier this year to link more than 9.5 million point-of-sales machines to INTA’s database which the ministry said had helped significantly reduce tax dodging in the country.

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