All types of securities issued by banks were exempted from tax

According to Iran Economist, Mustafa Qamariwafa, Director General of Public Relations of the Central Bank, said: In last night’s meeting between the Governor General of the Central Bank and the heads of the Tax Affairs Organization and the Stock Exchange Organization, all types of securities issued by banks, including “general and special term certificates of deposit” are included in the article 29 of the law on removing obstacles to production and according to the said law, it was recognized as “exempt from tax”.

He added: Based on the agreement reached in this meeting, it was decided that the relevant circular will be sent to the banks by the central bank next week, and by the country’s tax affairs organization to the tax administrations across the country.