Azerbaijan, Baku, Mar.4/ Trend G.Mehdi/
Iran's budget bill for the next calendar year which starts on March 21, has set 72 million rials (about $5,872) as the maximum annual income which will be tax exempt, ISNA reported. The figure was 66 million rials in the previous calendar year.
On February 27, the Iranian administration submitted its budget bill for the next Iranian calendar year.
ILNA reported that the development budget has been reduced by 20 trillion rials (about $1.6 billion) compared to the previous year.
The bill has been prepared taking into account the effects of international economic sanctions, so that the reliance of the national budget to oil revenues has been reduced.
According to the bill, salaries of civil servants will be increased by 20 per cent and cash subsidies will also be increased next year.
Special plans have also been prepared to rapidly decrease the inflation rate.
In August 2012, the Tax Affairs Organisation's director Ali Askari said the current year's budget law has envisaged earning 340 trillion rials (some $27.7 billion) in taxable income.
Iran gained as much as 280 trillion rials (some $23 billion) in tax incomes in the past calendar year.