Iran Gov't Tax Revenues Top $7b Last Year


The government earned 1,090 trillion rials ($7.26 billion) in tax revenues during the last Iranian year (ended March 20, 2019).

Caretaker of the Iranian National Tax Administration Mohammad Qasem Panahi said the earnings had been estimated to stand at 1,130 trillion rials ($7.53 billion) as per the fiscal 2018-19 budget law, suggesting that INTA met 97% of the target, ILNA reported.

The government’s tax revenues consist of returns from direct and indirect taxation. Direct tax revenues, including “tax on legal entities”, “income tax” and “wealth tax”, stood at 640 trillion rials ($4.26 billion) during the period to register an increase of 15% compared with the year before.