Which shareholders welcome zero corporate tax?
According to Tejarat News, the Tax Affairs Organization announced that in order to encourage investment and development of production sectors, companies that have been admitted to the Tehran Stock Exchange or the Iran Exchange until March 29, 1400, if from the beginning of 1401 to the end of the same year, If the undivided profit of the previous financial year is transferred to the capital account, the capital increase is subject to zero tax rate.
It is obvious that if such companies have acted in the above order and have the necessary conditions to be eligible for Section F, Note 2 of the Budget Law 1401 of the whole country, the corresponding undivided profit tax can be refunded if paid according to the relevant regulations, including compliance with the provisions of the previous circulars, or It will be counted against their tax liabilities.
According to this circular, those companies that are listed on the Tehran Stock Exchange or the Iranian OTC until March 29, 1400; If, from the beginning of 1401 to the end of the same year, the undivided profit of the previous financial year is transferred to the capital account based on the decision of the extraordinary general meeting of the shareholders, in compliance with the prescribed legal arrangements, including the registration of the capital increase in the company registration offices.
Capital increase of listed companies
Hamid Esadi, a legal expert of the capital market, said in a conversation with Tejarat News: According to the new circular of the Tax Affairs Organization, the profits of companies are not subject to tax if they are subject to capital increase from the place of claims, one of which is unpaid profits.
He explained: This means that the company distributes profits by holding the assembly, and this profit distribution is not transferred to the shareholders and is used to increase capital from claims to spending, cash contributions, and the like. In this case, the company is exempt from paying taxes.
Esadi explained: This process is for good companies that have many major shareholders, that is, the majority of the shares are in the hands of major shareholders. For example, 70% of a company is owned by its own companies, for example Shasta, in this case legal shareholders are welcome. Retail shareholders also welcome this issue due to the strategy and view of the share.
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