Middle East Economic Survey


No 12



Iran Raises VAT Rate To 4% In New Year

The value added tax (VAT) rate in Iran will rise to 4% in the new Iranian year starting on 21 March from the current 3%, the deputy head of the State Taxation Affairs Organization for VAT Mohammad-Qasim Panahi has said. The official noted that in accordance with the five-year development plan 2011-2015 the rate will rise by 1% every year so as to reach 8% by the end of the plan. He added that...