Baku, Azerbaijan, June 22
By Khalid Kazimov – Trend:
Iranian Government has announced new tax incentives created to encourage domestic investors in undertaking economic activities.
The government has decided to exempt those who invest in production units or mineral sectors in the current Iranian calendar year (started March 20) from paying taxes for at least five years, IRNA news agency reported.
Under the new regulation, those who invest in the country’s industrial parks will be free of paying taxes for seven years.
Meanwhile tax payers who take part in business activities in industrial or mineral sectors in the country’s poor areas will be exempted from taxes for 10 years.
Tourism industry has also been subjected to the new regulation as private hotels that have received authorization for operation in the current Iranian year will enjoy exemption for five years.
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