BAKU, Azerbaijan, January 14. Taxes for 90% of
shopkeepers and bazar merchants with very small trade in Iran have
been canceled, Minister of Economic Affairs and Finance Seyed Ali
Madanizadeh said at an event organized at the Ministry of Economic
Affairs and Finance in Tehran on January 13, Trend reports.
The minister explained that, given the current legal and
regulatory framework in the country, the government has limited
scope to further reduce taxes.
However, he highlighted that a series of measures have been
devised in collaboration with the Iranian Tax Organization. These
include enhanced tax breaks and a reduction in the effective tax
rate.
Additionally, the minister pointed out that tax obligations for
98% of small artisans have been reduced to below 500 million rials
(approximately $500), as part of a new distribution initiative.
The protests, which erupted in late December in Iran, were
primarily triggered by the sharp depreciation of the national
currency, escalating inflation, and various other economic
hardships. While casualty reports have been circulating, the exact
figures remain undisclosed.
