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Iran’s tax revenues top $6.88b in five months
INTA figures showed that tax receipts had reached some 4,060 trillion rials in the five months to late August, up 44% compared to the same period last year, wrote Press TV.
The report said that the tax collected over the April-August period was 20% short of a target set in the Iranian budget law for the calendar year to March.
Direct tax accounted for 2,850 trillion rials ($4.83 billion) or more than 70% of the tax collected in Iran in the five months to late August, said the report, adding that direct tax receipts had increased by 58% compared to the same period in 2023.
Direct tax in Iran mainly includes the income tax as well as duties imposed on corporations and tax levied on the rich.
Indirect tax, which is imposed on commodities and services, reached a total of 1,210 trillion rials ($2.05 billion) in the five months to late August, up 20% from the same period last year and 44% short of the budget law target, the INTA data showed.
The Iranian government has relied more on tax revenues in recent years amid sanctions that have restricted its ability to sell oil in international markets.
The INTA has reported major increases in its annual receipts over the past few years thanks to better taxation policies and the increased use of online platforms for tax payments.