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Gov’t to double tax exemption for small businesses
The Iranian government plans to double income tax exemption for small businesses, Economy Minister Abdolnaser Hemmati said on Sunday.
Hemmati wrote on his X account that small businesses with an annual income of 2 billion rails (around $3,330) would be exempted from paying taxes in the coming Persian calendar year stating on March 21, 2025.
The new threshold will be included in the next year’s budget plan which will become law once it clears Parliament. Hemmati said the tax break was a fulfillment of President Masoud Pezeshkian’s campaign promise to shore up small businesses.