Iran’s tax receipts up 47% y/y in 10 months to late Jan to $11bn
Iran’s tax revenues increased by nearly a half in the 10 months to January 19 compared to the previous same period, according to the country’s tax office (INTA)
INTA figures cited in a Tuesday report by Tasnim news agency showed that Iran’s tax receipts had reached a total of 9,208.02 trillion rials ($10.95 billion) in the 10 months to late January, an increase of 47% year on year.
Direct tax accounted for 67% or 6,120 trillion rials of Iran’s tax revenues over the period, the figures showed.
Value-added tax (VAT) was responsible for a major part of INTA’s indirect tax revenues over the 10 months to late January as VAT receipts reached 1,930 trillion rials, the data showed.
The INTA said it had transferred some 1,300 trillion rails of its tax revenues to the bank accounts of municipalities across the country while another 420 trillion rials had been allocated to the country’s healthcare sector.
The Iranian government has relied more on tax revenues in recent years amid sanctions that have restricted its ability to sell oil in international markets.
The INTA has reported major increases in its annual receipts over the past few years thanks to better taxation policies and the increased use of online platforms for tax payments.
INTA chief Mohammad Hadi Sobhanian said on Tuesday that the government seeks to use artificial intelligence in its tax-collection systems to increase its ability to detect tax dodging.
Sobhanian said that increased use of technology in taxation could increase Iran’s tax revenues by five times.
He said that Iran’s tax revenues had increased by 70% year on year in the calendar year to March 2024 to reach 8,000 trillion rials, adding that tax receipts are expected to reach over 10,000 trillion this calendar year.
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