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Iran Planning To Expand Tax Base: IMF

by Lorys Charalambous, Tax-News.com, Cyprus

01 March 2017


Iran is to take forward tax measures to expand its revenue base to 10 percent of gross domestic product, from 7 percent, the International Monetary Fund's (IMF's) latest report for the country says.

The IMF said that Iran will need to broaden the tax base, improve administration, and increase and expand excise taxes. It added that raising the value-added tax (VAT) rate would compensate for the revenue lost from corporate tax incentives and the cut to personal income tax rates approved in 2016/17.

The report said that Iran should re-organize its tax authority by taxpayer groups and create a risk management unit to improve taxpayer compliance rates.

TAGS: compliance | tax | value added tax (VAT) | tax incentives | International Monetary Fund (IMF) | tax authority | tax rates | Iran

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