Deputy Economy and Finance Minister, Mehdi Karbasian, has confirmed that high annual taxes, considered as exorbitant by most foreign firms, have been revised and they will be allowed to have a right of appeal against the amount of tax they pay.
The majority of foreign firms operating in Iran are French, and Karbasian has told the commercial attache of the French Embassy in Tehran, Yives Cadiones, that he hopes the revised tax rules will encourage existing firms to increase their production levels as well as attracting other foreign companies to the region. The previously high taxes in Iran have forced many foreign firms in the country to seek alternative locations such as Dubai where the tax system is less costly and bureacratic.
Currently the Peugeot and Citroen car manufacturers are the largest foreign firms in Iran, 'they are all the same worried lest they will not be allowed to take back the benefits gained due to their investment in Iran to France, as well as the severe tax system for the foreign firms here,' said Cadiones.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment