BAKU, Azerbaijan, March. 12
Trend:
Taxes on properties and luxury cars is waiting for approval of the regulations by the government, Mahmoud Alizadeh, the deputy head of the Iranian National Tax Administration said.
"According to statistics, 100 percent of the approved 12-month tax revenues have achieved," Mahmoud Alizadeh said, Trend reports citing Fars News Agency.
Referring to the executive regulations for taxing luxury houses and luxury cars in next Iranian year's budget bill (starts on March 21), he says that the regulations for this issue were approved by the government's economic commission in June 2020, but it has not approved by the government (the Cabinet of Ministers) yet.
He said that according to Article 42 of the VAT Law, every year the Tax Administration announces the value of each car in detail.
Alizadeh went on to say that 300,000 imported cars with over $238,000 of value can lead to $1.9-2.3 billion of tax revenue.
Regarding the law on vacant houses tax, the deputy head of the tax administration says that the Ministry of Roads and Urban Development, in cooperation with the Ministry of Economy, is in charge of drafting the amendment of the regulations of Article 54 of the law on direct taxes.
