Iran tax office says it met receipt target in 11 months

INTA chief Davoud Manzour said that the government body has collected a total of 2,780 trillion rials ($10.69 billion) of tax in the 11 months to February 19, an increase of 61% in rial terms compared to the similar period over 2020-2021, Press TV reported.

“The INTA has completely fulfilled its budget obligation for the current calendar year and a new record has been set in tax revenue receipts,” said Manzour.

The official said INTA’s direct tax receipt had also increased 56% year on year in March-February to a total of 1,680 trillion rials ($6.46 billion).

He said Iran will see a significant increase in tax receipts in the year to March 2023 with the implementation of technology-based systems that will help prevent tax evasion.

The Iranian government has sought to rely more on tax revenues over the past three years to compensate for financial losses suffered because of American sanctions on its crude oil exports.

Experts say a growth in business and manufacturing activity that has been caused by US sanctions on Iran has led to higher tax receipts for the INTA in the current calendar year.

Tax receipts are expected to increase over the next calendar year as the government plans to enforce a parliament legislation on taxing vacant homes and luxury goods.