The tax provisions of the Housing Leap Act were announced

According to Tejarat News, Davood Manzoor, the head of the country’s tax affairs organization, announced the tax provisions of the Housing Production Leap Law.

It is stated in this communiqué: The tax provisions of the Housing Production Leap Law dated 1700/05/1400 of the Islamic Consultative Assembly will be sent as follows for implementation.

Article 3: In order to create synergy, strengthen support capacity and optimal allocation of financial resources in the housing sector, the National Housing Fund shall be established with the function of aggregation and allocation of financial resources subject to this law, up to three months after the entry into force of this law.

The resources of this fund are from the sources obtained from the transfer of lands subject to this law and the collected sources related to 99-year lease, taxes related to land, housing, real estate and buildings, resources provided for the housing sector in the annual budget laws, resources obtained From the return of the principal and sub-credit lines of Mehr Housing, the repayment installments of the First Housing Savings Fund each year, charitable donations and other resources provided in the fund’s articles of association are provided and discounts are used for the fund’s expenses, including facility interest subsidies. In the cost of issuing and renewing building permits, building completion certificates, supply and transfer costs, infrastructure and participation in the creation of facilities, superstructure services and non-profit uses (educational, religious, medical, green space, cultural, sports and urban equipment In the urban development created in accordance with the model approved by the Supreme Housing Council for the design of residential projects, the subject of this law is allocated.The property and assets of this fund belong to the Government of the Islamic Republic of Iran.The fund is located in the Ministry of Roads and Urban Development. None of the cities has another branch, and the fund consists of a board of trustees and an executive board.

Note 8 Article 3- In 1400, in excess of the amounts determined by the tax bases related to the field of land, housing, real estate and construction in the budget of 1400 of the whole country and from 1401 all the amounts received from this article will be allocated to the fund.

Article 4- Banks and non-bank credit institutions are obliged to allocate at least twenty percent (20%) of the payment facilities of the banking system to the housing sector each year at the interest rate approved by the Monetary and Credit Council, so that in the first year of law implementation of at least three One million and six hundred thousand billion (3,600,000,000,000,000,000) Rials of facilities for the units subject to this law should not be less and for the coming years, the minimum resources of the mentioned facilities will increase by increasing the above-mentioned percentage in accordance with the annual inflation rate.

Note 1 Article 4- Specialized banks at the discretion of the Central Bank, with the exception of the Housing Bank, are excluded from the provisions of this Article.

Note 2 Article 4- The above facilities will be paid based on the annual housing needs in the plans and programs announced by the Ministry of Roads and Urban Development. In case of combining the resources of Bank Amel with the resources of National Housing Fund, the interest rate of the facility is calculated based on the ratio of the share of resources of National Housing Fund with Bank Amel and based on the interest rate approved by the Monetary and Credit Council.

Note 3 Article 4- Facilities related to the construction of units of this law will be converted into installment sales after the participation period and its obligations will be transferred to the buyer. The total period of participation and installment sales is twenty years. If the increase in the duration of the construction period is due to the negligence of the builder, the profit of the participation period of the increased period is the responsibility of the builder with the approval of the Ministry of Roads and Urban Development.

Note 4 Article 4- Banks and credit institutions are allowed to issue mortgage bonds subject to Article (14) of the Law on Organizing and Supporting the Production and Supply of Housing within the framework of the regulations of the Central Bank and the Stock Exchange and Securities Organization in case of payment of facilities subject to this Article.

Note 5 Article 4- The Tax Affairs Organization of the country is obliged, in case of non-observance of the subject of this article, in the form of annual budget, to receive a tax equal to twenty percent (20%) of the unfulfilled commitment from banks and credit institutions and to the Treasury of the whole country. Deposit. This amount is considered 100% (100%) allocated and deposited in the account of the National Housing Fund.

Note 1: Article 5: Transfer of public sector lands and non-governmental public institutions of the bodies subject to Article (29) of the Law on the Sixth Five-Year Economic, Social and Cultural Development Plan of the Islamic Republic of Iran, approved on 12/14/1695, transfer of residential units from the fund to capital unit holders The final investment of these funds and the lease of real estate by investment companies is exempt from tax.

Article 10- All ministries, institutions and government agencies, as well as companies whose 100% (100) capital and shares belong to the government, are obliged to transfer and deliver lands at their disposal free of charge within the framework of location of the subject of Article (6). Law on organizing and supporting the production and supply of housing (with the exception of the lands of Note (2) of Article (9) of this law), within two months from the date of entry into force of this law at the request of the Ministry of Roads and Urban Development. Real estate registries are obliged to separate and register the transfer of property in the real estate office and issue a title deed in the name of the government on behalf of the Ministry of Roads and Urban Development within one month after the announcement of the said ministry.

Article 17- The Tax Affairs Organization of the country is obliged to calculate the tax for preparation, landscaping, infrastructure and superstructure and construction of housing for all housing support programs equal to ten million (10,000,000) Rials per housing unit.

Source: فارس