Important news for scholarships / taxation of petrochemical exports
According to Tejarat News, next year’s budget will include a tax on petrochemical exports. Capital market participants reacted negatively to this issue.
According to capital market activists, this tax can have a negative impact on stock market transactions.
Hadi Beiginejad, a member of the 1401 Budget Consolidation Commission, says regarding the taxation of petrochemicals: “Government lists should be subject to export revenue tax.”
Majid Eshghi, the head of the Exchange Organization, wrote in response to this issue in a letter to the Chairman of the Parliamentary Integration Commission: “Postpone capital.”
Stock market activists protest
The active reaction and protest of the stock exchange has started on Twitter. A user wrote in this regard: “It was a short and heartbreaking news: gas petrochemicals were subject to export tax!”
“Methanol, urea and polyethylene were taxed on exports.”
“Petrochemicals want to feed 40% of the feed rate, on the other hand, they export taxes”
“After Europe, it is the most expensive gas in Iran. Due to sanctions, the export product is cheaper and the dollars that come to the country are sold below the market price in the Nima system. Tax on my exports to which it belongs. “Now the parliament should say whether it is supporting or protecting industries?”
“Petrochemicals want to feed 40% of the feed rate and export taxes on the other side.”
“In the year when the most ‘slogans’ were chanted in support of production; 290 people voted with the same slogans; A government came to power with this slogan; On an important part of exports; They closed the tax! Government and parliament after the stock exchange; They helped the companies. Probably for paying astronomical salaries! “This economy does not need a foreign enemy.”
“Mr. Eshghi’s tough and effective reaction to today’s news about the tax on petrochemical products was the only letter.”
This tax seems to have a negative impact on market transactions in the coming days.