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  • Guide on Iranian Taxation System for Foreign Investors

    What is  Iranian Taxation System for Foreign Investors

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  • Tax Debt Rules for Loan Applicants Eased



    Iran’s National Tax Administration has issued a directive based on which legal entities and individuals can receive higher amounts of bank credits without having to first clear their tax debts.

    “According to an agreement with the Central Bank of the Islamic Republic of Iran, from now forward, legal entities and natural persons can receive loans of up to 3 billion rials ($92,000) and 1 billion rials ($30,500) respectively, without presenting a tax clearance certificate,” said Seyyed Kamel Taqavinejad, the head of INTA, as reported by Banker.ir.

    Prior to this new directive, loan ceilings not requiring a tax debt clearance was set at 1.5 billion rials ($46,000) for a legal entity and 500 million rials ($15,250) for individuals.  

    According to INTA rules, all parties seeking big loans from the banking system should first clear their tax debts.

    “For the sake of applicants’ satisfaction, the time for tax clearance certificate’s issuance has been reduced drastically,” he said. Taqavinejad noted that data transfer between banks and INTA regarding the issue is conducted via electronic systems and tax officials are ordered to comply with requests within 15 days.

  • What Incentives and advantages Iran offers for investment in Trade-Industrial Free Zones?

    Iran  offers numerous incentives for foreign investors in Trade-Industrial Free Zones.


    1-Tax exemption for 20 years from the date of operation for all economic activities
    2-Foreign investment and nearly a hundred percent of the amount invested.
    3- Freedom of entry and exit of capital and profits
    4- Protection and guarantees for foreign investments.
    5- Abolition of entry visas and easily issue of residence permits for foreigners.
    6-Facilitated regulation on labor relations, employment and social security.
    7- Transfer of part manufactured goods to the mainland without paying customs duties.
    8- Elimination of pay customs duties on imports from outside to the region and vice versa.
    9- Employing trained and skilled manpower in all different skill levels and professions.
    10- Utilization of raw materials, oil and gas as feedstock and fuel for all industrial activities.

    The list of the Trade-Industrial Free Zones of the Islamic Republic of Iran are as follows:
    1-Qeshm Trade-Industrial Free Zone
    2-Chabahar Trade-Industrial Free Zone
    3-Aras Trade-Industrial Free Zone
    4-Anzali Trade-Industrial Free Zone
    5-Arvand Trade-Industrial Free Zone
    6-Kish Trade-Industrial Free Zone
    7-Maku Trade-Industrial Free Zone

     

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کتاب عملیات بانکی در عرصه بین الملل -سرفصل ها،ضمائم ،توصیه صاحب‏نظران ارزی و مدیران ارشد بانکی

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