Iran’s tax income exceeded than oil exports revenue

Tax income in the period from March 21, 2017 to February 20, 2018 exceeded IRR 76.1 trillion (about $1.7 billion) than the earned oil exports revenue.

According to data released by the Central Bank of Iran (CBI), Iranian government earns budget from various sources including the revenues and offering capital assets and divesting financial assets to the private sector, the report said.

During the period, the government could USD 44 billion of revenues, of which USD 17.7 billion were tax income.

Some  USD 16 billion were earned from divesting capital assets, the share of oil revenues stood at  USD 15.9 billion, IRNA reports.

Offering financial assets let the government gain USD 13.4 billion.

Iran gained some USD 11.7 billion of tax income during the first seven months of the current Iranian calendar year (ended on October 22, 2017), Tasnim news agency reported in mid-December, 2017.

According to the report, the Iranian government could manage to collect USD 12.6 billion of the total USD 15.31 billion anticipated to be earned in the said period. 

The gained tax income registered a 2.7 percent growth in comparison with the same time span in the preceding year. 

As planned the government is to collect USD 25.7 billion) of tax income by the end of the present Iranian calendar year (March 20, 2018).

The share of tax revenues in Iran’s gross domestic product (GDP) has reached eight percent, Head of National Tax Administration Kamel Taqavinejad announced in early March.

The official said the figure should reach 11 percent by the end of the country’s Six Five-Year National Development Plan (March 2021).

President Hassan Rouhani’s economic strategy is to significantly reduce the government’s dependency on oil and instead collect tax more systematically.