Approval of the new tax exemption / what are its details?

According to Trade News, the details of the approval Exemption Tax What is new?

Quoted from StatehouseRepresentatives in the public session of the Islamic Consultative Assembly this morning (Wednesday, March 25) during the review of the revenue part of the 1401 budget bill of the whole country, with paragraph (g) of note (5) of the single article of the 1401 budget bill with 187 votes in favor, 10 votes Opposition and 5 abstentions from a total of 230 delegates present agreed.

Paragraph (g) of Note (5) of the single article of the budget bill states: The documents of this note and the underwriting commitment fee and the fee of the primary traders of the Islamic government securities (issued in 1401) are subject to tax at zero rate. Also, transactions between the issuing bodies and the receipts and payments related to the issuance of securities subject to this note, regardless of the use or non-use of intermediary institutions, are subject to exemptions and exceptions to Article (14) of the Law on Removing Barriers to Competitive Production and Improving the Financial System. / ۱۳۹۴ می‌سته.

All commissions for the issuance and trading of government securities in the primary and secondary markets should be determined in a way that makes the daily purchase and sale of government securities economical.

The deputies also agreed with part (1) of paragraph (i) of the revenue section of Note (5) of this bill, which states in this section: The government will be allowed the amount of thirty thousand billion (30,000,000,000,000,000) Rials of securities Islamic Finance should publish that these resources are expected to be used for the construction, completion and equipping of educational, training and sports spaces of the Ministry of Education with the priority of nomadic schools and Farhangian University. It should be noted that the delegates have not yet reviewed the cost part of this component.

According to the report, the deputies also agreed with the revenue section, except for (2) paragraph (i) of note (5), which states: The government will be allowed the amount of twenty thousand billion (20,000,000,000,000,000) Rial will issue Islamic financial securities, which according to the forecast, will be used to repair, maintain, rebuild and rehabilitate worn-out or demolished physical space of the universities of the Ministry of Science, Research and Technology and the University Jihad. It should be noted that the delegates have not yet reviewed the cost part of this component.

The deputies of the nation also agreed with the revenue part except (3) paragraph (i) of note (5) of the budget bill, according to which the government is allowed to pay twenty thousand billion (20,000,000,000,000,000) Rials worth of securities. According to the forecast, these resources will be used for rural water and roads, implementation of rural projects and the Red Crescent Society of the Islamic Republic of Iran. It should be noted that the delegates have not yet reviewed the cost part of this component.

According to this report, the deputies agreed with the revenue part of the additional paragraph (1) of paragraph (y) of note (5) of the mentioned bill, which states in this paragraph: The government will be allowed up to one hundred thousand billion (100,000,000,000,000). .000) Rials to publish various types of Islamic financial securities, including Islamic treasury documents, which are in accordance with laws and regulations and within the framework of Islamic contracts.