(Radio Farda) The head of Iran's Tax Organization, Omid Ali Parsa, has said information from banks indicates that half of the country's high-income tax subjects do not pay taxes, according to the government news website IRNA. Half of 300,000 people or entities with incomes exceeding $900,000 were exempt from taxes and the other half paid less than the required amount. All institutions, religious foundations and organizations under the direct supervision of Supreme Leader Ali Khamenei are exempt from taxes. Some of these are nominally charitable organizations but in reality they function as large business enterprises. Tax collection represents only 8% of total government revenue. President Rouhani has been raising the issue of tax collection as government operations face serious cash-flow problems due to U.S. sanctions.
2019-10-29 00:00:00Full ArticleBACK Visit the Daily Alert Archive