Details of the tax exemption for the transfer of justice shares – Tejaratnews
According to Tejarat News, the method of assigning new equity shares was determined at the 24th meeting of the Supreme Council for the Implementation of General Policies of Article 44 of the Constitution in March of last year and announced by the Minister of Economy and Finance last week.
Based on this, the privatization organization was obliged to allocate the remaining shares belonging to the government in transferable companies to people without equity shares, who until the date of notification of this resolution were covered by the Imam Khomeini Relief Committee (RA) of the Welfare Organization of the whole country and the martyrs. The first three deciles are placed; Act.
It was also decided that the amount and shares of the divested companies will be approved by the divestiture board only from the companies admitted to the stock exchange and over the counter with the proposal of the privatization organization. Article 44 should be determined by the said board.
The amount of shares transferred to each of the beneficiaries covered by the Imam Khomeini (RA) Relief Committee of the National Welfare Organization and the first two deciles of the martyrs’ income covered by the Martyr Foundation with a 50% discount and to the beneficiaries of the third decile of the martyrs’ income covered by the Martyr Foundation without discount It is equivalent to a maximum of one hundred million Rials in annual installments for 10 years, which will be settled from the annual profit of the investing companies.
Details of the tax exemption circular
An issue that was announced by Seyedhadi Sobhanian, the head of the Tax Affairs Organization, in a circular addressed to the tax administrations across the country. This circular states that:
According to the provisions of paragraph (2) of the approval letter No. 220573/T 60791 AH dated 30/11/1401 of the Honorable Board of Ministers regarding the cancellation of the approval letter No. 167000/T 59990 AH dated 12/09/1401 sent by letter No. 80/257118 dated 1401 13/12/12 The Supreme Council for the implementation of the general policies of Article 44 of the Constitution of the Ministry of Economic Affairs and Finance, which was approved in the implementation of the last part of paragraph (a) of note (2) of the Budget Law of 1401 of the year 1401 of the whole country and according to the approval letter of Sadr al-Ashara regarding the method of transfer of new equity shares has been done, it will be sent for execution. Based on Article (11) of the aforementioned approval letter, the transfer of shares subject to this approval will be done outside the trading hours and outside the exchange room. This transfer is exempt from paying all fees and taxes.
Source: ISNA