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Iran’s tax revenues jump

4 June 2014 10:21 (UTC+04:00)
Iran’s tax revenues jump

Iran's tax revenues stood at 68 trillion rials (some $2.66 billion) during the 2-month period from March 21, which indicates a rise by 35 percent compared to the same period of the preceding year.

Iran's fiscal year starts on March 21.

Some 88 percent of predicted tax revenues have been received during the mentioned period, deputy head of Iran Tax Organization, Hossein Vakili said, IRNA news agency reported on June 2.

Vakili went on to note that the country's tax incomes are expected to reach 600 trillion rials by the end of current fiscal year (21 March 2015).

Earlier, Iran's tax organization head Ali Askari said the realization of the figure will be difficult considering the current taxation processes.

About 25 percent of the Iran's overall economy does not pay taxes, Askari said, adding that tax evasion is the main problem of the country's taxation system.

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