InternationalInternational Economics

8 million card readers were connected to the tax administration


According to Fars News Agency’s economic group, Mohammad Barzegari, head of the Tax Affairs Regulatory Center, said today at a roundtable discussion on capital gains tax at Allameh Tabatabai University: The parliament has been finalized and is on the agenda of the parliament. The plan was prepared by the delegates, but the government and the executive also helped.

According to Barzegari, 8 million POS card readers are connected to the system of the Tax Affairs Organization and in fact have a tax file.

In response to the question whether card readers’ transactions are subject to tax, he said: “We consider the total income of each economic person, which is currently for the performance tax of 1400, such that the annual income is up to 36 million tomans tax-free and Excess income is subject to Article 131 of the Tax Law, which provides for an excess tax of between 15 and 25 percent.

He also said that this year, a tax on manufacturing companies has been set at a rate of 20 percent.

Barzegari also said that the production tax rate has been reduced from 25 percent to 20 percent.

According to the head of the Regulatory Center of the Tax Affairs Organization, the country’s macro-economy is affected by many components, including the structure of the economy, monetary base and others. Of course, the capital gains tax scheme does not intend to solve all the problems of the economy, but it wants the money that was intelligently going to business no longer be like this.

He said the government had decided to reduce the corporate income tax rate from 25 percent to 20 percent because it felt it could collect taxes from other sources, but instead levied taxes on luxury cars and luxury apartments.

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